Earlier this month, Washington Commanders owner Daniel Snyder agreed in principle to sell the storied NFL franchise to Josh Harris.
The deal was later sent to the NFL, and many expect it to be approved. However, until it is approved, the agreement was non-exclusive, meaning Snyder could accept another bid for more than the Harris group’s $6.05 billion bid.
But, according to Canadian businessman Steve Apostolopoulos, he’s still alive in the bidding process, which he says is a “head-to-head process right now,” in an appearance on the Squawk Box of CNBC.
Apostolopoulos is the managing partner of Triple Group of Companies and the founder of the private equity firm Six Ventures.
“I am still in the hunt, yes,” Apostolopoulos said.
.@NFL team valuations are reaching an all-time high. Canadian billionaire @SteveApost talks about his bid for the Washington @Commanders: pic.twitter.com/QyhfrpFkDq
— Squawk Box (@SquawkCNBC) April 24, 2023
When pressed on how close his bid was to Harris’ reported $6.05 billion bid, Apostolopoulos offered the following:
“It’s hard to say right now, as it’s a live process,” he said. “I really don’t feel real comfortable saying too, too much; I want to respect the process. But it is a head-to-head process right now.”
As of now, Harris still remains the frontrunner to be the Commanders’ next owner. But if Apostolopoulos can outbid the Harris group and Bank of America sees his bid as legit, this process remains alive until Snyder and Harris sign their agreement, and the other NFL owners approve.
