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Greek-Canadian Steve Apostolopoulos among Bidders for Washington Commanders

WASHINGTON, DC – Greek-Canadian billionaire Steve Apostolopoulos is the latest “potential bidder to tour the Washington Commanders’ stadium and training facility as he seeks to buy the franchise, league sources told ESPN” according to a report on March 22.

“There are only three known bidders for the Commanders, groups led by Josh Harris, Houston Rockets owner Tilman Fertitta, and now Apostolopoulos, although there has been speculation that Amazon founder Jeff Bezos could potentially join the mix,” ESPN reported, adding that “Apostolopoulos also recently had discussions to buy the NBA’s Charlotte Hornets from Michael Jordan but has focused on the opportunity to purchase the Commanders, according to sources.”

“Commanders owners Dan and Tanya Snyder announced their intention to sell the team in November,” ESPN reported, noting that “Forbes has listed the value of the franchise at $5.6 billion.”

With the NFL league meeting starting Monday [March 27] in Phoenix, there has been increased speculation over when a deal could be announced,” ESPN reported, adding that “Apostolopoulos is the founder of Six Ventures Inc., a private equity venture fund.” Born in Toronto, Apostolopoulos “attended Harvard and contributes to a wide variety of philanthropic organizations,” ESPN reported.

“Harris’ group was strengthened earlier this month when he was joined by Mitchell Rales, a Washington-based billionaire who has a net worth of $5.5 billion, according to Forbes,” ESPN reported, noting that “Basketball Hall of Famer Earvin ‘Magic’ Johnson also has joined the Harris-led group, sources confirmed to ESPN on Monday [March 20].”

“Johnson, also a part owner of the Los Angeles Dodgers, was part of the Harris group that failed to land the Denver Broncos last summer,” ESPN reported, pointing out that “Harris also owns the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils.”

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