Commanders being sold for $6 billion
 

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">EXCLUSIVE: Dan Snyder has reached an agreement in principle to sell the <a href="https://twitter.com/Commanders?ref_src=twsrc%5Etfw">@Commanders</a> for $6 billion to a group led by Philadelphia 76ers co-owner Josh Harris<br><br>Harris’ group, includes billionaire Mitchell Rales and former NBA star <a href="https://twitter.com/MagicJohnson?ref_src=twsrc%5Etfw">@MagicJohnson</a> <a href="https://t.co/ZIWKqeqtmN">pic.twitter.com/ZIWKqeqtmN</a></p>&mdash; Sportico (@Sportico) <a href="https://twitter.com/Sportico/status/1646556324405051409?ref_src=twsrc%5Etfw">April 13, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Dan Snyder was a terrible owner. I hope he gets hit by a dump truck

https://y.yarn.co/2067bfc6-a4ba-441d...0051a_text.gif


.....

This is great. So glad Snyder is out of football.

Cool.

Will they be renamed to the Redskins?

I kinda hoped Dan Snyder would have went scorched earth and kept them named redskins and changed the mascot to a potato or something. Would have been hilarious. And I bet he would have sold a shit ton of merchandise.

LMAO. I kind of wanted him to continue to make the owners group lives miserable.

Let that be a lesson to you Dan Snyder!

Nothing like making a man that everyone hates a multi billionaire.


(serious questions)
Does he pay capital gains on that too?
What happens if it is not re invested after two years.....

So where's all that dirt Snyder claimed to have on the NFL?

I would like to know how much Magic has invested.

Sports players have a lot of money, but not enough to be a primary owner.

With a minority in the ownership group, does Washington get an extra first round pick for the next 20 years?

they get an extra neutral site game if they dont make the playoffs

So promoting minority coaches and front office hires is a laugh riot?

He took a lot of his player money and invested it in scratch-offs and pick 5 lottery tickets. Must have hit it big.

Hmmm don't think Dan Snyder being an NFL owner has made any impact on my life. I have a pretty good feeling now that he is out he will still have 0 impact on it still.

Sorry so many here were affectedLMAO

You’re joking, right?

The Snyder Saga is finally over!

That’ll teach Dan Snyder a lesson.

Now all he has are his billions of dollars and other assets. LMFAO!!! What a broke sad bitch!!!

Hmm. Both Rapoport and Schefter saying this isn't quite done yet and there are still other interested parties

lighten up francis

So he bought the Skins for $750 million and sells them for $6 billion.

Good thing the NFL taught him a lesson.

I learned you can be a sexist douchebag when you got the big Benjamins.

Yeah, the ROI for some of these team owners is incredible.

Jerry Jones paid about $150M in 1989 for the Cowboys, Bowlen bought the Broncos for like 70M.

same thing with the sacremento kings

Over paid so you can make a racist rich.

Even animosity can't dig its way out from under 6 billion dollars. Apparently.

Almost as funny as lying to an entire board about taking a girl to Belize complete with stolen pictures off of the Internet because no real woman would dare to be alone with you.

Incentivizing teams for promoting/hiring minority candidates is stupid. Teams should be doing that anyway if the minority candidate is the most qualified. It's almost like patting a guy on the back for paying child support. You're supposed to do that and you shouldn't get extra credit for doing what is expected.

Hey, it's not like he paid a bunch of women with daddy issues to sleep with him. He's not that big of a douchebag.

You should be so lucky.

He's got a net worth of at least $600 million. Not sure all his theaters are worth that much anymore, but he's been an active investor.

I get that you like the status quo and change scares you.

Pretty much textbook conservative personality traits.

Prick goes from buying the team for $800 million to getting $6 billion.

Magic made $$ in real estate too, IIRC.

Yea publicly financed oligarchies!!

He's a rare example of someone running into a flaming AIDS tree and thriving afterwards.

What about "hire the most qualified candidate no matter what race or sex" screams "You like the status quo" to you. You are one simple, lying mother****er.

The hiring of Paul Hackett’s idiot son tells your faulty premise to go **** itself.

100 years from now this will look like a complete steal.

Why? Were you there for his interview with the Broncos? His shitty performance doesn't mean he didn't interview well and the Broncos didn't see him as the best candidate. The Broncos had just had a minority coach that sucked donkey balls so their hiring practices when it comes to minorities shouldn't be in question.

Years and years ago I remember reading an article about how the cost of buying an NFL franchise had gotten to the point it had made it almost impossible for it to be profitable for 30-40 years. I believe a team at the time had sold for $500MM or something like that which was an all time high. They were comparing it to how cheap franchise had been in the decades previous which were really cheap comparatively.

That article was obviously dead wrong at the time, the money grew so fast it was impossible to lose $ at any point.

Now this scenario, I'm not sure how long its going to take to make $6 Billion back. Its an interesting question to ponder. If you profited $100 Million a year it would take 60 years. So $300MM a year you get a return in 20 years? $600MM a year in profit to return in 10 years? It would take a huge ROI annually to get there.

What's the interest rate on this capital? Surely they are borrowing a ton of $$.

Edit: Ironically it may have been about when Snyder paid $800MM for the Redskins in 1999. Seems that investment paid off.

Making money isn't about being a good person. He made a smart investment and got a good return. Oh well.

102 years ago, George Halas paid $100 for the Bears.

With that kind of cash he can buy his own tropical island and go full Epstein.

Your philosophy about not giving a shit about anybody that exists outside your skin is certainly admirable.

So, I hate to break it to you. But the ownership group probably didn’t pay 6 bills in cash.

Debt/financing is gonna multiply their ROI.

Do you even capitalism, bro??

It’s an ethos.

It's such a perfect analogy, only an idiot would use it.
Because we know ALL the dudes will pay child support without laws insisting on it.:doh!:

Commandos already have AIDS, Magic approved

So only a couple of asshokes are eligible to own a NFL team.

I don't fret over things I have no control over. But you can certainly worry about those things. In the end, it will only lead to you stroking out over things that you never affect nor will be able to control.

Seems he made a hell of a profit on the investment, he wins. I still don't care and it has no impact on me or my life. Why worry jealous?

I'm glad you don't do anything REALLY stupid like root for sports teams!

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">No way. Absolutely not. Do not pass go. Do not collect 7 billion dollars. <a href="https://t.co/B72aUr4K9p">https://t.co/B72aUr4K9p</a></p>&mdash; Brett Kollmann (@BrettKollmann) <a href="https://twitter.com/BrettKollmann/status/1648331488864395264?ref_src=twsrc%5Etfw">April 18, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Looks like it's Saudi money.

Apparently the proposed sale seeks an indemnification for Snyder. The indemnification would be between Snyder and the Harris ownership group. That is, if there was litigation against the Washington team based upon Snyder's actions, Harris would be prevented from coming against Snyder. Very interesting,.

https://theathletic.com/4422720/2023...ty-dan-snyder/