Rockets owner Tilman Fertitta revealed in an interview with CNBC on Wednesday that he made a bid on the Commanders, but Dan Snyder wanted more, and Fertitta wouldn’t budge.
So, he is out of the running.
“I’ll be flat-out honest, I made a bid on the Washington Commanders for $5.6 billion,” Fertitta told CNBC. “That’s the value that Forbes had them at, and at some point you’ve got to draw a line in the sand on everything and that’s where we are. If they can get somebody to pay them more than that, good luck to them. That’s all I can say.
“I own a franchise, so I love them selling for a lot. But at some point, I don’t think $6 billion is the right number.”
According to multiple reports, Snyder is holding out for a bid of $6 billion, which they may have from the potential ownership group led by Josh Harris, who also has Magic Johnson as part of that group. While a sale isn’t imminent, and Snyder hasn’t agreed to a bid yet, there is hope that a sale could be coming within weeks.
But it won’t be from Fertitta, who says he has made his stance clear, and won’t go past his bid of $5.6 billion.
“Everybody that’s watched me do business for the last 40 years knows when I draw a line in the sand, I’m done,” Fertitta said. “So, I’m here, you know I can close, and that’s the way it is.”
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