The Washington Nationals may be for sale in the near future.
Barry Svrluga of the Washington Post reported the family of real estate magnate Ted Lerner is looking into potentially selling the team. Lerner's family purchased the Nationals from Major League Baseball 16 years ago.
His son, Mark D. Lerner, is now the managing principal owner and said his family hired New York investment bank Allen & Company to research potential buyers or investors.
"This is an exploratory process, so there is no set timetable or expectation of a specific outcome," Mark Lerner said.