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NFL

Is Matthew McConaughey going to be the new owner of the Washington Commanders?

As a fan since childhood, Matthew the actor understandably has an interest in the franchise’s future, but he may now have an opportunity to actually become one of its owners.

Update:
Is Matthew McConaughey going to be the new owner of the Washington Commanders?
CHRIS DELMASAFP

With reports confirming that the franchise is now up for sale, we’ve already seen two high profile potential buyers from the world of business and music respectively. Now, we’ve got a third who hails from Hollywood.

Matthew McConaughey is interested in the Washington Commanders

According to reports, actor and philanthropist Matthew McConaughey has expressed an interest in “joining or forming an investment group” with the intention of purchasing the Washington Commanders. A long-time fan of Washington’s team, McConaughey has often been seen at games and even on the sidelines alongside coaches and players from time to time. If you’re wondering why someone as successful as the “Dallas Buyers Club” would need assistance to complete the deal, it’s worth noting that as successful as he’s been, the value of the franchise currently stands at approximately $7 billion, which is to say that’s not a small amount of money even for an Oscar winning actor.

Jeff Bezos and Jay-Z as partners isn’t a bad deal

As we now know, Amazon founder Jeff Bezos recently announced his interest in the franchise. To be clear, as the fourth richest person in the world and worth an estimated $114.5 billion, the Commanders’ price tag is definitely affordable, but one has to imagine that Amazon’s CEO will be in no hurry to spend that kind of cash if others are willing to take on the venture with him. That’s where hip-hop legend and multi-Grammy award winning artist, Jay-Z comes in. Said, to be part of Bezos’ investment group, the artist whose real name is Shawn Carter, is no stranger to sports investment, with a minority stake in the Brooklyn Nets currently in his portfolio. Incidentally, the same applies to McConaughey who is the co-owner of Major League Soccer’s Austin FC.

How did the Washington Commanders get here and where are they going?

It was back on November 2nd, when Daniel Snyder announced that he had hired the Bank of America “to consider potential transactions” involving the team. Interestingly, Snyder did not state whether he intended to sell the franchise in its entirety, or simply a small stake in it, only that he would be “exploring all options.” The news followed on from immense pressure on Snyder to relinquish ownership of the organization after an NFL backed investigation found that he had a central role in creating a toxic workplace environment. Indeed, even the United States House of Representatives oversight committee got involved and in the end, there was overwhelming evidence to suggest that Snyder engaged in things ranging from sexually inappropriate behavior, to misogynistic statements. With that said, the league has indicated that any potential sale won’t get underway until March next year at the least. That’s to say, that McConaughey and his potential partners will have plenty of time to figure out exactly how they’d like to proceed.