Owning a professional sports team has become a more exclusive group, especially in the NFL.
That point is being hammered home once more during the sale of the Washington Commanders.
Three groups bid on the Commanders, who are in agreement to be sold to one led by Josh Harris for a record $6.05 billion. Separate groups led by Canadian billionaire Steve Apostolopoulos and Houston Rockets owner Tilman Fertitta both offered at least $5.6 billion. But while others, such as American businessman Byron Allen, expressed interest early on, they lacked the capital to get involved.