Reports Suggest Jay Z Could Be Interested in Buying a Stake in Washington Football Team
Follow Us
The Washington Football Team is a franchise that has been dealing with some ownership issues over the past few months. Various reports have suggested that majority owner Daniel Snyder is looking to buy out a from a trio of minority stakeholders who have been keen on selling their stake for some time now.
Snyder recently had to get a debt of $450 million waived by the NFL to buy out previous minority owners. Thus this development has been frowned upon by fans across the league. Many have criticized Snyder for his handling of the franchise over the years.
Buying the stake of the WFT minority stakeholders will give Snyder 100% equity of the football club. But perhaps he could sell some of it back to a Grammy Award-winning record producer going by the name of Jay Z.
ADVERTISEMENT
Article continues below this ad
Jay Z looking to buy into Washington Football Team
According to recent reports, American rapper and record producer Jay Z is looking to buy a stake in the NFL franchise based out of Washington.
According to a tweet by the Burgundy Blog, Jay Z is preparing to launch a bid to buy into the Washington franchise.
Trending
Exclusive: After Claiming He Can Beat Caitlin Clark 1v1, Iowa’s No.1 NFL Draft Prospect Cooper DeJean Comes Clean
April 25, 2024 03:12 PM EDT
Despite Tom Brady’s Influence, JJ McCarthy Snubs Patriots In Favor of NFC Rivals Thanks to Michigan Connection
April 25, 2024 03:45 PM EDT
2024 NFL Draft: In Eminem’s Presence, Detroit Denied Entry Into NFL History Books as Motor City Fans Stopped Due to Maximum Capacity
April 26, 2024 01:40 AM EDT
Where Is Russell Wilson’s Ex-partner Ashton Meem Now? Everything We Know About Broncos QB’s First Wife
November 20, 2023 04:39 AM EST
NFL Draft: Look Back at Russell Wilson’s Ex-Wife Ashton Meem’s Viral Reaction on 2012 Draft Day After Seattle Seahawks Picked Him in 3rd Round
April 21, 2024 08:58 PM EDT
Get instantly notified of the hottest NFL stories via Google! Click on Follow Us and Tap the Blue Star.
Follow Us
“Nothing imminent. These things take months and sometimes break down. But I have it on good authority that Jay-Z is actively divesting assets to position himself for purchase of a stake in #WFT,” the tweet said.
The rapper is looking to become a minority stakeholder. And having a personality of his stature on board could prove to be an offer too good for Snyder to turn down.
The report by Burgundy Blog was further backed up by the comments of NFL insider JP Finlay.
ADVERTISEMENT
Article continues below this ad
“I heard it from somebody sort of connected to the NFL eight, nine months ago that this could happen,” he said during a radio interview.
‘He’s Put in the Time This Offseason’- Matt LaFleur Lauds Jordan Love as Rodgers Trade Saga Wages On
ADVERTISEMENT
Article continues below this ad
Jay Z has previously held a stake in the NBA franchise Brooklyn Nets. This new venture would be his first foray into the NFL. Whether a bid for the same materializes or not remains to be seen.
But perhaps it would be in Snyder’s best interest to entertain a bid from the rapper if one comes around.