(Photo by Chip Somodevilla/Getty Images)
The sale of the Washington Commanders is still ongoing, and many fans across the league have been asking for a resolution.
It appears that this deal isn’t going to be completed shortly if recent reporting is correct.
While this sale was initially seen as a black-and-white issue, it has transpired into something more.
According to a recent article by A.J. Perez of Front Office Sports, the Federal Reserve has gotten involved, making the situation that much more complex.
The Washington Commanders bidding process has been impacted by something outside owner Dan Snyder’s control: the Federal Reserve.@byajperez explains the added barrier in those interested in the franchise
— Front Office Sports (@FOS) April 12, 2023
In this article, Perez highlights several aspects of this deal, including current regulations that the NFL oversees on team purchases.
For instance, “the NFL requires at least 30% of a team purchase be liquid, and held by one person who’d become the controlling owner,” Perez wrote.
He later highlights that the remainder of the funds can be raised through other parties, who must comply with the league’s debt requirements.
Ultimately, this sale is being overseen at a higher level than initially expected, which may be a cause for concern between the involved parties.
Currently, there is just one credible offer for the Commanders, as Perez indicates.
That lone offer belongs to Josh Harris, who is the only person to successfully jump through all of these hoops.
With all of this in mind, the Commanders remain unsold.
Time is ticking, as the draft is rapidly approaching, and the start of the season gets closer by the day.
Will this sale be resolved by the beginning of the regular season?
Or, will the Commanders stay under their current leadership for another year?
The post NFL Insider Explains What Is Holding Up Potential Commanders Sale appeared first on The Cold Wire.