It’s no secret that the Washington Football Team has issues to address. And the problems that exist extend well beyond what takes place on the football field.
Longtime owner Daniel Snyder absorbed a number of brutal public relations blows in 2020, which only raised more questions about whether he should remain the majority owner of the historic NFL franchise.
And if Snyder does sell his stake in the team, the buyer may very well be the richest man in the world.
The Washington Football Team could use a dose of new leadership
For years, Daniel Snyder has stood out as one of the most vilified owners in all of pro sports. After all, it’s not like he has given Washington fans much to cheer about since he took control of the team back in 1999.
But the NFC East franchise’s problems on the field took a back seat to some much more serious concerns in 2020.
First, Snyder had to officially drop the “Redskins” nickname after he faced significant pressure from investors and other stakeholders. That resolution finally occurred despite the fact that Washington’s name had stirred up controversy for years.
Just a few days later, a Washington Post report detailed a troubling trend of sexual harassment that allegedly stemmed from several team employees. Although Snyder himself did not get accused of such behavior, the investigatory piece raised major red flags about a toxic culture that dramatically impacted the lives of dozens of women.
Facing pressure to sell his stake in the team, the 56-year-old has refused to give in.
But that may soon change.
The richest man in the world could soon add an NFL team to his financial portfolio
Daniel Snyder has an estimated net worth of $2.6 billion. In most situations, that would make him the richest man in the room.
Just not if Jeff Bezos is around.
The founder and CEO of Amazon completely blows the Washington Football Team owner out of the water (along with everyone else in the world) in terms of his net worth.
And according to a report from A.J. Perez of Front Office Sports, the 57-year-old has an interest in adding an NFL team to his financial portfolio.
Bezos reportedly has been interested in NFL team ownership for some time, and per Perez, the Washington Football Team “could be on his private wish list.”
The richest man in the world’s attorney spoke with Baltimore-based sports investment banking firm Moag & Co. That spurned an effort so sell a portion of the team.
While Snyder remains firm about wanting to maintain his status as the majority owner, it certainly seems like Bezos has already laid the groundwork for a potential changing of the guard in Washington.
Earlier this month, he announced that he would step down as CEO of Amazon by the end of the year. In addition, Front Office Sports reported that Bezos purchased a 27,000-square-foot mansion in Washington back in 2016. He spent $12 million renovating the residence.
In 2017, Bezos selected Arlington, Va., as the location for Amazon’s second headquarters.
If he ends up adding the historic NFL team to his financial portfolio, that will give the world’s wealthiest man yet another opportunity to make even more money.
How do current NFL owners compare to Jeff Bezos when it comes to net worth?
Robert Kraft and Jerry Jones rank as two of the most recognizable owners in the NFL. But even though both men fall into the “billionaire” category, they don’t come close to measuring up to Jeff Bezos when it comes to net worth.
In fact, neither holds the honor of even being the wealthiest owner in the NFL.
According to Forbes, which maintains a real-time list of billionaires, David Tepper of the Carolina Panthers tops his peers with an estimated net worth of $13 billion. Although he ranks No. 1 among NFL owners, he “only” places 180th overall in the world.
Jones, the longtime face of the Dallas Cowboys, doesn’t even crack the top-250. The 78-year-old has an estimated net worth of $8.6 billion.
LA Rams owner Stan Kroenke ranks right behind Jones with an estimated net worth of $8.3 billion. Shahid Khan of the Jacksonville Jaguars ($7.9 billion) and Stephen Ross of the Miami Dolphins ($7.2 billion) also boast impressive financial portfolios.
However, even if you combined all of their fortunes, they wouldn’t come close to touching Jeff Bezo and his riches.
Per Forbes’ latest estimate, he has an estimated net worth of $186.9 billion.
And if he uses some of his savings to purchase the Washington Football Team, that figure might reach new heights sooner than later.