April 12, 2024

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Tilman Fertitta participates in bidding for the position of leaders

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Two people familiar with the situation said Saturday that Tilman Fertitta, the billionaire business executive who owns the NBA’s Houston Rockets, is involved in bidding for the Washington leaders.

Fertitta joins a group of potential buyers that includes Josh Harris, owner of the NBA’s Philadelphia 76ers and New Jersey Devils, and Amazon founder Jeff Bezos.

According to a person familiar with the deliberations, Fertitta has made an offer to the leaders, but is not believed to have been the favorite to buy the franchise from Daniel Snyder. That person described the sale process as “a little stalled” and estimated Fertita’s bid was just over $5.5 billion.

Another person familiar with the matter said Fertitta is interested in the captains and is believed to have visited the team’s training facility in Ashbourne.

Fertitta’s representatives did not respond to requests for comment Saturday night.

Jeff Bezos hires an investment firm to look into bidding on the leaders

Fertitta is the owner and CEO of Fertitta Entertainment Inc. Inc., which owns Landry’s Rockets, the dining and hospitality company, and the Golden Nugget Hotel and Casinos. His estimated net worth is $8.1 billion. According to Forbes magazine. He bought the Rockets from Leslie Alexander in 2017 for $2.2 billion.

Two people familiar with the situation said this month that Harris visited the leaders’ facility. Harris was a co-founder of Apollo Global Management and is a general partner at Crystal Palace in the Premier League. He is a limited partner of the NFL’s Pittsburgh Steelers. Harris grew up in Chevy Chase and attended the Field School in Northwest Washington.

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Harris, whose net worth is estimated at $6.2 billion, According to Forbes magazinewhich tried to buy the Denver Broncos last year but lost the bid to a group led by Walmart heir Rob Walton.

Josh Harris, a potential Leaders buyer, visits the team’s training facility

Two people familiar with the situation said this week that Bezos, who owns The Washington Post, has hired an investment firm to assess his potential bid for leaders. Bezos works with Allen & Company, a New York-based company prominent in transactions involving professional sports franchises. It handled the most recent sales of two NFL franchises, those of the Carolina Panthers and Broncos. It remains unclear whether Bezos will make a bid for the leaders.

Leaders announced in November that Snyder and his wife, Tanya, the team’s co-CEO, had hired Bank of America to look into potential transactions involving the franchise. The team has not said if the Snyders will sell all or part of the franchise. Four people familiar with the process said in December they believed selling the entire team was the most likely outcome.

The bidding process is under way as the NFL conducts its second investigation into Daniel Snyder and the team’s workplace, led by attorney Mary Jo White. The US Attorney’s Office for the Eastern District of Virginia is also investigating allegations of financial irregularities involving the team. The team denied any financial wrongdoing.