The bidding war for the Washington Commanders goes on, but it seems like it’ll continue without one of its candidates.
Houston Rockets owner Tilman Fertitta recently admitted that he’s no longer interested in purchasing the organization after his bid of $5.6 billion was turned down by Dan Snyder.
Nicki Jhabvala of the Washington Post summed up Fertitta’s words, with the business mogul stating that he’s drawn a line in the sand and he’s not going to change his stance.
Tilman Fertitta said during an interview with @CNBC today that he bid $5.6 billion on the Commanders, but "at some point you've got to draw a line in the sand." pic.twitter.com/7NpKM1Fb4X
— Nicki Jhabvala (@NickiJhabvala) April 13, 2023
Fertitta claims that he made a bid according to the team’s actual valuation on Forbes, noticing that he doesn’t think $6 billion is the right number.
The CEO of Landry’s Inc. wished the Commanders well in their pursuit of a new owner and all but ruled himself out of the race.
According to Sports Illustrated’s Albert Breer, Dan Snyder originally wanted $7 billion for the team but has come down to $6.5 billion.
Even so, no one seems willing to meet that price, and he currently has two fully-funded $6 billion bids.
One is from Philadelphia 76ers and New Jersey Devils owner Josh Harris alongside, Mitch Rales, and Magic Johnson, and the other is from Canadian billionaire Steve Apostolopoulos.
Whatever the case, all Commanders fans care about right now is that the team is actually for sale and that Snyder’s reign will come to an end after more than two decades.
Fans had been urging Snyder to sell for years now, and with the team currently facing three ongoing investigations, the timing has never seemed more right than now.NEXT: NFL Insider Explains What Is Holding Up Potential Commanders Sale