Dan Snyder reportedly has an asking price.
One of the reasons that the embattled billionaire has yet to sell the Washington Commanders is that the owner has not received an offer that has reached at least $7 billion, according to a new report. Front Office Sports reported Wednesday that league sources believe that Snyder “appears to be holding out” for that amount.
The highest reported offer that Snyder has reportedly received for the Commanders is $6.3 billion, which would still be a record for an NFL franchise. The Denver Broncos sold for a record $4.65 billion last year to a group led by Walmart heir Rob Walton. Snyder, whose team has been for sale since at least November, when the team announced that the owner hired an investment bank to explore a potential sale, received the $6.3 billion ahead of a December deadline for the first round of bids.
Front Office Sports’ report comes after Fox Business reported Wednesday that Snyder is still expected in the weeks after the Super Bowl and before the NFL’s annual meetings in late March, when league owners could formally approve the deal.
NFL Commissioner Roger Goodell offered little detail to reporters when asked Wednesday about a potential Commanders sale.
“The Commanders are under a process,” Goodell told reporters. “That’s their process. Ultimately, if they reach a conclusion and have someone joining the ownership group or buying the team, that’s something the ownership will look at.”
