Jeff Bezos has made his decision.
The Amazon founder will apparently not be bidding billions of dollars to buy the Washington Commanders. Thursday reports from both ESPN and the Washington Post cited a source close Bezos as saying that he does not plan on entering the bidding process for the controversial franchise.
The person, who was granted anonymity due to the sensitive nature of the matter, added that Bezos is “not involved” in the bidding process.
The news comes weeks after The Washington Post and ESPN reported that the billionaire had hired a New York investment firm, Allen & Company, to explore a potential bid.
Last month, the Washington Commanders denied a report by A.J. Perez of Front Office Sport that the sale of the team was at a “stalemate” partially because of owner Daniel Snyder’s reluctance to sell to Amazon founder Jeff Bezos. Snyder reportedly has a grudge against Bezos due to his ownership of the Washington Post.
Snyder is under federal investigation because of a “secret” $55 million loan taken out without the knowledge of his minority partners. He is also under investigation by the United States House Committee on Oversight and Reform after allegedly overseeing a toxic workplace environment.
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For what its worth, Bezos has a net worth of $122 billion, making him the third-richest man in the world. He will be fine not owning an NFL franchise.
Snyder is reportedly holding out for $7 billion for his franchise.
