📺 Stream EntrepreneurTV for Free 📺

Jeff Bezos and Jay-Z Might Buy an NFL Team Together The joint venture wouldn't be the billionaire businessmen's first sports-related endeavor.

By Amanda Breen

entrepreneur daily
Patrick McDermott | Getty Images

The Washington Commanders might have a new owner — or two — in the near future.

Billionaire businessmen Jeff Bezos and Jay-Z are discussing a possible joint bid on the NFL team, two sources with knowledge on the matter told CNN.

Related: Washington Redskins to Change Official Name After Years of Protests

The Amazon founder's interest in purchasing the team dates back to 2019, per CBS.

And it looks like husband and wife co-owners of 23 years Dan and Tanya Snyder might finally be ready to sell. Earlier this week, The Wall Street Journal reported that the Snyders have hired Bank of America to consider "potential transactions."

Both Bezos and Jay-Z have connections to the sports industry. Bezos began a successful streaming partnership with the NFL earlier this year; Jay-Z was formerly co-owner of the Brooklyn Nets, and his company, Roc Nation Sports, represents several NFL athletes.

According to Forbes, the Commanders are worth $5.6 billion, making them the sixth most valuable team in the NFL.

Related: Jeff Bezos Is Reportedly Looking to Buy an NFL Team

News of the potential sale comes amid an investigation into numerous allegations of sexual harassment leveled against team executives and Dan Snyder himself, and financial malfeasance.

Amanda Breen

Entrepreneur Staff

Senior Features Writer

Amanda Breen is a senior features writer at Entrepreneur.com. She is a graduate of Barnard College and received an MFA in writing at Columbia University, where she was a news fellow for the School of the Arts.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

Want to Start a Simple Business That Helps the Planet? After 'One Night's Worth of Research,' He Started an Eco-Friendly Gig And Now Makes $200K a Year

Environmentally-conscious laws are picking up steam across the country. When one went into effect in Zach Cavacas's home state, he saw a lucrative business opportunity. Chances are, a similar law is coming to your state, or is already there.

Business News

Jack Dorsey Explains Bluesky Exit: 'Literally Repeating All the Mistakes We Made' at Twitter

Dorsey left the Bluesky board and deleted his account earlier this week.

Fundraising

My Startup Couldn't Raise VC Funding, So We Became Profitable. Here's How We Did It — And How You Can Too.

Four months ago, my startup reached profitability for the first time. It came after more than a year of active work and planning, and here's what it took.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

McDonald's Is Responding to Sky-High Fast Food Prices By Rolling Out a Much Cheaper Value Meal: Report

The news comes as the chain looks to redirect back to customer "affordability."