in

Byron Allen Could Become The First Black NFL Team Owner With New Bid

 

Byron Allen was considering making a bid for the Denver Broncos in early 2022. Now, the media mogul appears to be eyeing a different NFL team.

Bloomberg reports that Allen is preparing to make a bid for the Washington Commanders. He is working with an investor group, according to sources “familiar with his ambitions.”

Allen’s first attempt, with the Denver Broncos, would have made him the first African-American owner of an NFL team at the time. However, if he is successful in closing on the Washington Commanders, who are estimated to be worth $5.6 billion, history will be made.

ALSO READ:  Nigeria's Super Falcons Secures Africa's First Victory at 2019 Women's World Cup

Allen’s reported bid comes after Commanders’ co-owners Dan and Tanya Snyder announced that they’ve hired Bank of America Securities to investigate a sale, according to ESPN.

ALSO READ:  Michael Jordan To Present Kobe Bryant In Basketball Hall of Fame

“The Snyders remain committed to the team, all of its employees and its countless fans to putting the best product on the field and continuing the work to set the gold standard for workplaces in the NFL,” the team said in the statement, per the outlet.

According to 7 News, the Washington Commanders are “looking at all possible options, including a complete sale of the team, or bringing on a minority owner.”

Loading...

“Any potential transaction would have to be presented to the NFL Finance Committee for review and require an affirmative vote by three-quarters of the full membership,” League spokesperson Brian McCarthy said, according to 7 News.

“Any potential transaction would have to be presented to the NFL Finance Committee for review and require an affirmative vote by three-quarters of the full membership,” League spokesperson Brian McCarthy said, according to 7 News.

In other words, 24 of 32 owners.

While things are not completely clear yet, sports business experts speculate that moves could be made within a year.

“It could move fairly fast,” said Lisa Delpy Neirotti, director of the master’s program in sports management at George Washington University, per 7 News.

Allen has built a $450 million empire through business moves such as acquiring The Weather Channel and purchasing Bayou City Broadcasting.

CLICK HERE TO START NOW

Loading...

Written by How Africa News

Leave a Reply

Your email address will not be published. Required fields are marked *

eleven + 12 =

Kanye West Accused Of Paying A Settlement To An Ex-Employee Who Claimed He Praised Hitler

How This Black Entrepreneur Got A Job With Oprah Despite Having Only 15 Views On His Content