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Jeff Bezos didn’t bid for Washington’s leaders

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Several groups submitted bids to buy the Washington Chiefs ahead of the late-December target date requested by the investment bank handling the sale, but none reached the $7 billion threshold that owner Daniel Snyder is seeking for the team, according to a person familiar with the process. .

Amazon founder Jeff Bezos has sat out this bidding phase, according to several people familiar with the process, which could open the door for other buyers interested in acquiring the franchise.

Some people familiar with the process, who spoke on condition of anonymity because of the confidential nature of the bidding, said it was unclear whether Bezos’ inaction reflected an inconsistency about the price Snyder is seeking, if it represented other doubts about placing an offer or if it was a ruse that would allow He has to bid for the best offer in the end.

Considering Bezos’ massive net worth, many are giving up on the team He will have to take. But given the uncertainty surrounding his intentions, several groups of potential buyers are vying to be next in line if Bezos, who owns the Washington Post, chooses or puts a cap on what he’s willing to pay, people connected to the process said.

Daniel Snyder calls England his usual residence at the Last Deposit

If Bezos doesn’t step up his efforts, the beneficiaries could include some of the bidders who last year tried but failed to buy the Denver Broncos. The final Broncos are expected to battle for the leaders, said a person familiar with the process.

These include media entrepreneur Byron Allen; Clearlake Capital founders Behdad Ighbali and Jose E. Feliciano, who previously attempted to buy out a minority stake in Leaders from former Snyder Limited Partners; Josh Harris, co-founder of Apollo Global Management and owner of the NBA’s Philadelphia 76ers and the NBA’s New Jersey Devils; and Todd L. Bohle, CEO of Eldridge Industries, president of Chelsea Football Club and part-owner of the MLB’s Los Angeles Dodgers, NBA’s Los Angeles Lakers and NBA’s Los Angeles Sparks.

Bohle is believed to have taken a keen interest in the leaders during the bidding process, but it is not clear whether he was still active in the endeavour. It’s also unclear if Boehly’s founders and Clearlake Capital joined forces in the bid or were pursuing the team on separate paths. A Boehly spokesperson did not respond to repeated requests for comment.

Boyley, 49, a 1991 Bethesda School graduate from Landon, led the consortium that won the hotly contested auction to buy Chelsea for nearly $3.1 billion and committed more than $2 billion to spending the stadium and other teams. The transaction was funded largely by Clearlake Capital.

Spokespeople for Harris, who grew up in Chevy Chase and attended the field school in Northwest Washington, have repeatedly declined to comment, as have spokespeople for Igbali and Feliciano.

Matt Ishpia, president and CEO of United Wholesale Mortgage, expressed interest in the leaders in November. But he He no longer pursues the teamsaid an Ishpea spokesperson last month, after reaching an agreement to buy the NBA’s Phoenix Suns and the NBA’s Phoenix Mercury. The deal valued the Suns and Mercury at $4 billion and included all of former owner Robert Sarver’s interest in the difference and a portion of Sarver’s ownership partners interest.

Pat Pullen Fund Bronco sold in June to a Wal-Mart group led by Rob Walton. The $4.65 billion buyout is the record selling price for an NFL franchise. In August, Forbes estimated the leaders to be worth $5.6 billion.

Potential bidders for leaders are focused on the intent of Jeff Bezos

Bezos’ net worth is estimated at $121.3 billion, according to Forbes magazine, which ranks him as the fourth richest person in the world. Several NFL owners have expressed their desire for Bezos to pursue a franchise. He has also been linked to the Seattle Seahawks, who will likely be sold in the coming years by the late owner Paul Allen’s trust.

Bezos’ pursuit of the NFL team could become complicated if he chooses to return to Amazon as its CEO, a role he ceded to Andy Jassy in July 2021. Several business publications, including Fortune, reported this month that this is a possibility, based on forecasts. Analysts. NFL team owners and league executives could see this as a struggle, given that Amazon pays the NFL nearly $1 billion a year to carry the league’s “Thursday Night Football” package. As an NFL franchise owner, Bezos will have access to privileged financial information relevant to future broadcast negotiations.

In November, a person familiar with the situation said Bezos was Interested in leaders And he may be doing a show with music mogul Jay-Z as an investor in his conglomerate. Bezos declined to comment on his potential presentation of the 2022 National Portrait of Leaders at the Portrait of a Nation exhibition that month.

“I can’t talk about that,” Bezos said then. During a televised interview with CNN at the same time he was sitting next to his girlfriend Lauren Sanchez, Bezos said, “There’s not much I can say about that right now. But she loves soccer.”

It is not clear when the bidding process will be completed. Some of those associated with the process have rejected characterizations that the late December target for bids requested by the investment bank was a firm deadline, saying the process is more flexible. This makes it difficult for other bidders to know if Bezos was involved or if he could still become more involved. Sports Front Office I mentioned the lack of Bezos offer Sunday.

Leaders said Snyder and his wife, Tanya, co-CEO of the team, hired BofA Securities, a division of Bank of America, To consider potential transactions. for the privilege. The leaders did not specify if the Snyders intended to sell all or part of the team. Four people familiar with the process recently said they believe a complete sale is the most likely outcome. All spoke on condition of anonymity due to the level of secrecy surrounding the deliberations.

In a public filing in November relating to the incorporation process with the Registrar of Companies for England and Wales, a dossier was released England Snyders record as the state or country in which they “usually” reside. Daniel Snyder did not attend the final captains game of the season on Jan. 8 against the Dallas Cowboys at FedEx Field, according to a person familiar with the matter.

The bank that Daniel Snyder hired is moving forward with the sale to the Leaders

Any sale of all or part of a team must be approved by at least three-quarters of the other NFL team owners, giving them some measure of control over Snyder’s selection of buyer.

The NFL is conducting its second investigation into Snyder and the leaders, an investigation overseen by attorney Mary Jo White. Indianapolis Colts owner Jim Irsay said in October that he and his fellow owners should give serious consideration to voting to remove Snyder of ownership. This will also require the approval of at least three-quarters of the owners. Several owners told The Post in September that they think this will be seriously looked into He tries to fire Snyder from the ranks of ownership either by persuading him to sell or by voting to remove him.

House Committee on Oversight and Reform wrote last month In its final report on the Democratic-led investigation into the team’s workplace, it found that Snyder “obstructed” the committee’s investigation and that it “allowed and participated” in “disturbing behavior” at the team’s workplace. The report said Snyder gave evasive and “misleading” testimony to the committee in July.

Carl A.’s office Racine, then Democratic Attorney General for Washington, D.C., Two civil cases were filed Last year against the leaders. Maryland Attorney General Brian E. Frosch (D) Team fined $250,000 through a settlement for improperly holding security deposits from ticket holders. Investigators with the US Attorney’s Office for the Eastern District of Virginia interviewed witnesses about allegations of financial impropriety for the team, according to several people familiar with the situation. The office of Virginia Attorney General Jason Meares (R) is also investigating.

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