Commanders owner Dan Snyder, along with his wife and co-owner Tanya, hired Bank of America to explore potential transactions involving the Washington franchise earlier this week.
Transactions could include selling the majority ownership stake in the team, or a minority stake in the franchise as well, according to Nicki Jhabvala of The Washington Post.
One owner told Sports Illustrated’s Albert Breer that the team is expected to sell for at least $5 billion, with the possibility of the price tag reaching $6 or $7 billion. Breer added that this price is considered a good prediction because the Broncos sold for a North American sports-record $4.65 billion back in June.
