Canadian billionaire Steve Apostolopoulos interested in the Commanders
Another potential buyer interested in the Washington Commanders has emerged, according to Adam Schefter of ESPN.
Canadian billionaire Steve Apostolopoulos recently toured Washington’s facilities in Ashburn, Virginia, and FedEx Field. He joins Philadelphia 76ers and New Jersey Devils owners Josh Harris and Houston Rockets owner Tilman Fertitta as potential buyers who have toured the franchise’s facilities.
The level of interest Amazon founder Jeff Bezos has in buying the Commanders is not known, but some believe he could still bid on the NFL franchise. Washington owner Daniel Snyder has reportedly resisted any Bezos interest because he owns The Washington Post.
Who is Apostolopoulos?
He founded Six Ventures, Inc., a private equity venture fund. He was born in Toronto and attended Harvard. Apostolopoulos was reportedly interested in buying the NBA’s Charlotte Hornets from Michael Jordan but has recently focused on the Commanders, per Schefter.
The Commanders are valued at $5.6 billion, according to Forbes. Apostolopoulos is valued at approximately $3.9 billion, according to A.J. Perez of Front Office Sports.
Apostolopoulos will need investors if he plans on entering the bidding. Fertitta and Harris have placed bids on the Commanders. Harris has partnered with Mitchell Rales and, most recently, Magic Johnson, strengthening his bid, and some view him as the frontrunner.
The NFL owner’s meetings begin next week, and the league was initially hoping for a resolution at that time. However, while the sale is progressing, it could be May before owners vote on a potential new owner for the Commanders.
