Washington Commanders owner Dan Snyder is reportedly receiving astronomical offers for his franchise.
Snyder has owned the Commanders since 1999, but he’s widely expected to sell the team after hiring the Bank of America to help them explore the option of a sale. According to a report from Mike Ozanian of Forbes, Snyder has already received bids “well north” of $7 billion.
The report from Ozanian noted that the winning bidder will also get FedExField, the Commanders’ home stadium. The organization has played there since 1997, two years before Snyder took over as the owner.
Earlier this year, Forbes listed the Commanders as the sixth-most valuable franchise at $5.6 billion. The franchise has greatly lacked success on the field during Snyder’s ownership, but they play in a giant market and hold one of the league’s biggest fanbases.
The Commanders have been embroiled in never-ending scandals and controversies during Snyder’s run as the owner. Countless people across the NFL world have called for him to sell the team, and what once seemed like a pipe dream is seemingly getting close to becoming a reality.
