The first round of bids are reportedly due by the end of this week for those interested in buying the Washington Commanders.
CBS Sports reported late Monday that the first round of the bidding process — whether to potentially purchase a partial stake in the franchise or the whole team — “closes at the end of the week,” citing two sources familiar with the situation.
The Commanders have been exploring a sale since at least November, when the team confirmed owner Dan Snyder hired an investment bank to evaluate “potential transactions” of the franchise.
That investment bank, Bank of America Securities, took steps last week to move along the process by reportedly preparing to send a prospectus of the Commanders to would-be buyers who agreed to confidentiality clauses.