Canadian Steve Apostolopoulos Reportedly Submits $6 Billion Bid to Buy Washington Commanders

According to Adam Schefter, Canadian billionaire Steve Apostolopoulos submitted a $6 billion bid to purchase the Washington Commanders alongside another group.

washington commanders helmet

washington commanders helmet

washington commanders helmet

According to Adam Schefter, Canadian billionaire Steve Apostolopoulos submitted a $6 billion bid to purchase the historic NFL team from controversial owner Daniel Snyder.

Canadian billionaire Steve Apostolopoulos also has submitted a fully-funded $6 billon offer for the Commanders, sources tell me and @WindhorstESPN. With two groups known to have submitted bids, there is a growing belief a purchase agreement could be in place by the NFL Draft.

On March 22, the New York Times reported that Apostolopoulos had toured the Commanders’ facilities, though at the time it wasn't clear if he would make a bid.

Though Apostolopoulos has never owned a professional sports team, he is the managing partner of a Toronto-based real estate firm and runs a private equity firm.

A potential purchase would mark the first time the Canadian entrepreneur dabbles in professional sports team ownership.

Apostolopoulos wasn’t the only entrepreneur to submit a multi-billion dollar bid to purchase the Commanders. Schefter previously reported that the Josh Harris group, which includes Los Angeles Lakers legend Magic Johnson, has also placed a $6 billion to purchase the Washington Commanders.

More on the Josh Harris-led group submitting a $6 billion bid for the Washington Commanders:

Schefter added that a purchase agreement for the Commanders could be in place by the NFL Draft on Apr. 27.

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