Commanders Sale Update: Steve Apostolopoulos toured the team facilities
Canadian commercial real estate developer and private equity manager Steve Apostolopoulos recently visited the Washington Commanders’ facilities while scouting a possible offer for the team, according to two people with direct knowledge of the visit.
As of Wednesday, it wasn’t immediately clear if Apostolopoulos had made an offer for the franchise. ESPN first reported on Apostolopoulos’ visit to the team’s facilities.
He is a managing partner of the Triple Group of Companies, a Toronto-based commercial real estate firm. He is also the founder of Six Ventures, a private equity fund.
Apostolopoulos joins a list of potential Commanders buyers that includes Josh Harris, owner of the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils; Tilman Fertitta, owner of the NBA’s Houston Rockets; and Amazon founder Jeff Bezos.
Harris and Fertitta have made offers, people with knowledge of the sales process said. Commanders owner Daniel Snyder has blocked Bezos, who owns the Washington Post, from progressing in the bidding process, a person familiar with the process said recently, because he is unhappy with the Post’s coverage of him and the team.
According to four people familiar with the sale process, leading bidders have been attempting to strike a deal with Snyder for a sale ahead of the NFL’s annual league meeting, which begins Sunday in Phoenix. However, some of those people said they remain skeptical that an agreement will be reached by then.
At least 24 of the 32 NFL team owners would have to agree to a sale. The sales deliberations are taking place as the NFL conducts its second investigation into Snyder and the team, which is being overseen by attorney Mary Jo White.
The Commanders announced in November that Snyder and his wife Tanya, the team’s co-CEO, had hired Bank of America Securities to review potential transactions for the franchise. The team hasn’t said if the Snyders intend to sell all or part of the franchise.
https://www.washingtonpost.com/sports/2023/03/22/commanders-sale-steve-apostolopoulos/?utm_source=rss&utm_medium=referral&utm_campaign=wp_homepage Commanders Sale Update: Steve Apostolopoulos toured the team facilities