A Canadian billionaire is reportedly among the candidates to purchase the NFL’s Washington Commanders from Dan Snyder.
According to a report from Adam Schefter and Brian Windhorst of ESPN, Steve Apostolopoulos is another candidate who could buy the Commanders:
“Canadian billionaire Steve Apostolopoulos has become the newest potential bidder to tour the Washington Commanders’ stadium and training facility as he seeks to buy the franchise, league sources told ESPN.
There are only three known bidders for the Commanders — groups led by Josh Harris, Houston Rockets owner Tilman Fertitta and now Apostolopoulos — although there has been speculation that Amazon founder Jeff Bezos could potentially join the mix.”
The report noted that Apostolopoulos previously spoke with Michael Jordan about buying the Charlotte Hornets, but the former has shifted his focus over to the NFL team. If he were to buy them, Apostolopoulos would be the lone Canadian to own an NFL club.
Apostolopoulos is the Managing Partner of a Toronto-based real estate giant, Triple Group of Companies. Forbes previously listed the Commanders worth a view of $5.6 billion.
Snyder purchased the Washington NFL club back in 1999. A once-proud franchise that won three Super Bowls under legendary head coach has been embroiled in never-ending controversies and scandals under Snyder’s ownership.
For many years, Snyder made it clear that he had no intention of selling the NFC East team. But in November, the controversial owner hired the Bank of America to help him explore the idea of selling the team.
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Since Snyder took over as the owner, Washington has compiled a record of 164-220-2. The Commanders have only made the playoffs six times under his watch, and they’ve won just two postseason games.
The Commanders finished 8-8-1 this past season, missing out on the postseason for the second straight year. The Commanders hold the No. 16 selection in next month’s draft, so they’d likely have to trade up to snag a top quarterback prospect.
