In early November, shortly after the commander said owners Daniel and Tanya Snyder had hired an investment bank to “review potential deals” for the franchise, Ishbia said in a statement to the Washington Post, “We are looking forward to this opportunity. We are interested in further consideration of Near future. ”
He was one of the bidders for the NFL’s Denver Broncos before it was sold over the summer to a group led by Walmart heir Rob Walton.
Instead, Ishbia and her brother Justin contracted to purchase control In Robert Thurber’s Sun and Mercury. The deal, announced Tuesday, valued Sands and Mercury at his $4 billion and included all of Server’s stake in the team, as well as a portion of the server’s ownership partner’s stake.
According to Forbes, former Michigan State basketball player Matt Ishbia has an estimated net worth of $4.5 billion. His firm, founded by his father, became the nation’s largest wholesale mortgage lender in 2015. Justin Ishbia also owns shares in the company, with an estimated net worth of $2 billion, according to Forbes.
Ishbia’s withdrawal comes as Bank of America Advancing the Commander’s Sale, according to people familiar with the process. The team has not disclosed whether Snyders intends to sell all or part of the franchise, but people familiar with the process continue to say they believe a full sale is the most likely outcome. In August, Forbes estimated Commander’s value at $5.6 billion.
Amazon founder Jeff Bezos is interested in bidding for Commanders, said a person familiar with the matter. Bezos owns the Washington Post.
Other bidders said that if Bezos intends to buy the franchise, it his His huge net worth will allow him to bid higher than all his fellow competitors, people familiar with the process said.
Other former Broncos bidders expected to run for Commanders include media entrepreneur Byron Allen. Clearlake Capital co-founders Behdad Eghbali and Jose E. Feliciano previously attempted to purchase a minority stake in Commanders from his former partner Daniel Snyder Limited. Josh Harris, co-founder of Apollo Global Management and owner of the NBA’s Philadelphia 76ers and his NHL’s New Jersey Devils. Todd L. Boley, CEO of Eldridge Industries, Chairman of Chelsea Football Club and co-owner of Major League Baseball’s Los Angeles Dodgers, NBA’s Los Angeles Lakers and WNBA’s Los Angeles Sparks.
Liz Clarke and Nicki Jhabvala contributed to this report.
