Commanders News: Sale concern, Brian Robinson Jr., Jamin Davis and Eric Bieniemy

Commanders sale takes another twist

It's been a relatively quiet couple of days regarding the Washington Commanders sale since the latest batch of NFL owners' meetings. Everything seems to be progressing, although one cannot ignore the concerns some have with the financial aspect of the transaction before everything gets rubber-stamped.

According to Mike Ozanian of Forbes, owners are not going to vote through the bid to buy the Commanders as it stands right now. Josh Harris and his group of investors supposedly need to alter how the money is structured before further confidence can arise.

"It’s the $1 billion of unsecured debt that worries some members of the league’s finance committee, sources say. As one sports banker put it to Forbes, “this would be a leveraged buyout of a football team"."

- Mike Ozanian, Forbes

This claim was refuted by A.J. Perez of Front Office Sports - who's been a respected voice regarding developments throughout the process. The senior reporter stated that any changes would be minimal and won't impact the timeline. He added the number of investors is 20 - below the NFL's limit of 24.

"While it’s not immediately clear what potential changes Harris could make, sources scoffed at reports that the bid includes $1 billion in unsecured financing which could run into issues with NFL debt rules. "The bid was thoughtfully structured and compliant with NFL rules,” a source told FOS."

- A.J. Perez, Front Office Sports

Won't it be wonderful when all this is over.