Entertainment

Report: Jay-Z to Buy NFL Team

Jamie Jackson
November 9, 2022

FILE - In this July 23, 2019, file photo, Jay-Z makes an announcement of the launch of Dream Chasers record label in joint venture with Roc Nation, at the Roc Nation headquarters in New York. The NFL and Jay-Z’s entertainment and sports representation company are teaming up for events and social activism. The league not only will use Jay-Z’s Roc Nation to consult on its entertainment presentations, including the Super Bowl halftime show, but will work with the rapper and entrepreneur’s company to “strengthen community through music and the NFL's Inspire Change initiative.” (Photo by Greg Allen/Invision/AP, File)

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The Financial Times reports that Jay-Z and Amazon founder Jeff Bezos are teaming up to buy the Washington Commanders, D.C.‘s NFL team. The deal could put the value of the team at $6 Billion Dollars. The Financial Times cites two people who were briefed on the possible deal. Bezos also owns the Washington Post. If it goes through that $6 Billion dollar price tag would be a record price for a sports team. This past summer Rob Walton who is the billionaire heir to the Walmart fortune, purchased the Denver Broncos for $4.6 billion dollars.

The Financial Times reports that Jay-Z and Amazon founder Jeff Bezos are teaming up to buy the Washington Commanders. DC’s NFL team. The deal could put the value of the team at six billion dollars. Yeah, billion with a B. The Financial Times cites two people who were briefed on the possible deal.

Bezos also owns the Washington Post. Now if it goes through, that 6 billion dollar price tag would be a record price for a sports team. This past summer, Rob Walton, who is the billionaire heir to the Walmart fortune, purchased the Denver Broncos for 4.6 billion dollars. Yahoo News reports that current owner Dan Snyder is being forced to sell as he is embroiled in financial controversy.

The US Attorney’s office in the Eastern District of Virginia is investigating the franchise for allegedly withholding revenues due to visiting teams playing in Washington, and failing to return deposits for tickets to fans.

For AURN News, I’m Jamie Jackson.

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Jamie Jackson is an Emmy-nominated television and radio broadcaster who has served American Urban Radio Networks since 2015. He previously covered the Obama and Trump administrations as a White House Correspondent and Pool Reporter for AURN News. Jamie hosted a national PBS television special in 2023 and over the years has worked as a TV news anchor and local NPR host for stations across the country. His work has been honored by numerous organizations, including the NAACP and the Virginia Farm Bureau.