Jeff Bezos To Sell Washington Post To Buy American Football Team: Report

Notably, Jeff Bezos purchased the Washington Post in 2013 for USD 250 million.

Washington:

Amazon founder Jeff Bezos is more likely to promote the American newspaper Washington Post to purchase the soccer group Washington Commanders, based on the New York Post.

The Washington Post is believed to be up on the market by one logical suitor, who intends to submit a proposal, based on a supply with firsthand data of the matter. The supply declined to establish the suitor. A second newspaper purchaser and vendor claimed to have heard rumors that the publication could be on the market.

However, as per a number of media experiences, a spokesperson for Bezos stated the Washington Post is just not on the market. A spokesperson for the journal — the proprietor of which, News Corp, additionally owns the New York Post, additionally acknowledged that the paper is just not on the market.

Notably, Bezos purchased the Washington Post in 2013 for USD 250 million. The New York Post reported that Bezos is ‘seeking to clear the way in which’ to get the Commanders from embattled proprietor Dan Snyder.

Reportedly, the Commanders, who’ve received three Super Bowls, lifting the Lombardi Trophy in 1983, 1988 and 1992, are seen by their potential traders as a sleeping large franchise in a significant market.

According to experiences, Bezos is dealing with hassle as a result of the struggling proprietor of the Commanders, Dan Snyder, continues to be indignant concerning the illustrious newspaper’s collection of exposes exposing a toxic administration tradition on the group, the place bosses together with Snyder are allegedly liable for enabling sexual harassment.

Meanwhile, Front Office Sports, a multiplatform media model that covers the affect of sports activities on enterprise and tradition reported that Bank of America, employed by Snyder to public sale the Commanders, “continues to court docket Bezos — even when there are indications that Snyder doesn’ t need to promote” to the Amazon founder, New York Post reported.

The Commanders apparently accepted first-round bids from potential consumers final week, however Bezos, who supposedly has been in negotiations with Jay-Z to type a buyout partnership, wasn’t one in all them.

Bezos has publicly acknowledged that proudly owning a newspaper was by no means his aim. In order to make sure monetary stability and spur on-line enlargement, Bezos was persuaded to buy the Post by its former proprietor Donald Graham in 2013.

Moreover, Bezos has repeatedly claimed that soccer is his favourite sport however has not claimed publicly whether or not he want to add a National Football League (NFL) group to his institution.

Despite experiencing enlargement rapidly below Bezos with huge protection, the newspaper apparently deliberate to lose cash in 2022 after years of earnings as circulation dwindled after the tip of the Trump administration.

If Bezos does make a bid for the group, it will likely be an intriguing check for the Snyders given his large wealth and buying energy.

Amazon founder Jeff Bezos, who’s among the many richest individuals on the planet, revealed in November what he in the end plans to do together with his fortune of billions of {dollars}.

In an interview with American broadcaster CNN, the billionaire stated he plans to donate nearly all of his wealth to charitable causes inside his lifetime.

(Except for the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)

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