Commanders News: Ron Rivera’s future, sale snag, QB battle and Devin White
By Dean Jones
Commanders’ sale hits a snag?
Another day, another plot twist regarding the impending (sort of) sale of the Washington Commanders by Dan Snyder.
With two formal offers on the table that reportedly meet Snyder’s asking price, the hold-up in the days after has been notable. Perhaps the billionaire is holding out for more as reported, but A.J. Perez of Front Office Sports gave another potential reason as to why everything seems in flux right now.
The report indicated that the Federal Reserve and its inflation raises are proving complicated to overcome. Especially considering most wealthy individuals have their assets tied up rather than boasting an abundance of cash sitting in the bank.
"“The Washington Commanders bidding process has been impacted by something outside owner Dan Snyder’s control: the Federal Reserve. The cost of borrowing has gone up as the Fed attempts to tamp inflation with rate hikes — and the increased cost of borrowing has become an added barrier for those interested in the Commanders, two sources told Front Office Sports.”"
While the promise of making substantial funds owning the Commanders makes this an attractive proposition, any potential bidder must take everything into account. They also have to make sure there is enough disposable income afoot to satisfy NFL owners ahead of their vote.
Snyder is waiting for the biggest offer and doesn’t much care how it arrives, one suspects. But this latest twist is an overlooked part of the equation without a doubt now that Jeff Bezos is reportedly out of the running.