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Jeff Bezos Rumors

With team values potentially reaching historic levels — there is a belief within league leadership a potential Suns sale will break the $3 billion barrier — the reality is there might be a shallower pool of individual buyers at such price points, team sales advisers told ESPN. There remain some interested billionaires in such a market. There was a group of bidders willing to go to the $4 billion mark on the recently sold Denver Broncos, and none were Amazon CEO Jeff Bezos, who has since been linked to a possible bid for the Commanders. There were also multiple American groups that bid for Chelsea FC, which sold for more than $5 billion to a group led by Los Angeles Dodgers and Los Angeles Lakers co-owner Todd Boehly.
Storyline: Phoenix Suns Sale?
“In a perfect world, I would be a part of it,” Durant told ESPN. “I would love to do it. I would love to give a little bit of my money to be a part of the Commanders, but we’ll see. Hopefully it’s somebody nice. I heard [Amazon CEO Jeff] Bezos and Jay-Z, but you never know.” A person with knowledge of the situation told ESPN’s John Keim that Bezos has interest in the team, with multiple reports saying Jay-Z might partner with a Bezos bid. Mat Ishbia, a finalist for the Denver Broncos’ ownership bid, released a statement expressing interest, as well. Byron Allen, who also made a bid on the Broncos, has also said he’d be interested.
Moelis & Co., the investment bank handling the sale of the Phoenix Suns for Robert Sarver, has yet to find a “whale” interested in buying the NBA team. In late September, NBC Sports reported that billionaires Jeff Bezos and Larry Ellison might have an interest. The two men, each worth over $100 billion, would certainly be the types of “whales” that could drive up the price of the Suns. But neither has made an offer so far.
One NBA team executive told me recently that he thinks there’s a greater chance that the Suns will sell for more than $5 billion than less than $4 billion. But the thinking among sports bankers is the higher-price scenario would be possible only with a whale bidding. Without the whale, they say they doubt the team would fetch $4 billion.
NBA legend Shaquille O’Neal shared an investment principle he heard from Amazon founder Jeff Bezos, which he says has inspired his approach ever since. “I was at a tech conference in Vegas and I heard the great Jeff Bezos say ‘If you invest in things, it’s going to change people’s lives,’ you will definitely get a nice return,” he recalled, speaking CNBC’s Hadley Gamble in Abu Dhabi Sunday. O’Neal added his own ten cents: “Never think about the monetary aspect … it’s not important to me.” “It’s basically based off one principle — belief. [Do] you believe in the product? Is it gonna change people’s lives? … That’s what it is about for me,” he added.