Entertainment Studios founder Byron Allen has reportedly formed an investor group to explore the potential purchase of the NFL's Washington Commanders.
Kamaron Leach of Bloomberg reported Thursday that Allen, who would be the NFL's first Black majority owner, is "preparing a bid" for the Commanders after previously being involved in the Denver Broncos sale process, which the Walton-Penner Family Ownership Group won.
Washington owners Daniel and Tanya Snyder announced Wednesday they'd retained Bank of America Securities to "consider potential transactions" involving the franchise.
This article will be updated soon to provide more information and analysis.