Back in November, we reported that the $48 million sale of River View (7979 E. Boulevard Drive in Alexandria, VA)– a 16,000 square foot home with an additional carriage home had set a new record for the most expensive home sale in DMV (DC, Maryland, Virginia) history. The home was bought buy Montgomery County native and owner of the Washington Commanders, Dan Snyder, according to a report by the Washington Business Journal.
The home belonged to the former CEO of Lockheed Martin, Robert Stevens, and was first listed a year ago (October 2020) for $60 million. At the time, listing agent Heather Corey of TTR Sotheby did not name the buyer, but did include that the buyer paid cash for the property (a term that means a loan was not taken out for the purchase).
Per the BizJournals reports, “the team owner had contributed $25,000 to Virginia Gov. Glenn Youngkin’s inaugural committee on Jan. 7, and in the report the committee filed with the State Board of Elections, he listed River View’s address at 7979 E. Boulevard Drive as his home address — and Washington Football Team owner under business or employment information.”
Snyder, whose net worth has been reported to be $4B by Forbes, has been the focus of several House Committee on Oversight and Reform discussions concluding a recent roundtable with several former Washington Football Team employees, discussing issues of workplace misconduct and the National Football League’s (NFL) failure to take steps to prevent sexual harassment and verbal abuse within the organization under the leadership of owner Dan Snyder.
Photos of River View, by Gordon Beall and Sean Shanahan, below:
Jay-Z Rumored to be Interested in Buying Stake in The Washington Football Team
There have been rumors spreading throughout twitter today that Jay-Z is in the process of divesting assets in order to potentially purchase stake in the Washington Football Team.
@BurgandyBlog tweeted the following this morning:
Nothing imminent. These things take months and sometimes break down. But I have it on good authority that Jay-Z is actively divesting assets to position himself for purchase of stake in #WFT.
— Burgundy Blog (@BurgundyBlog) May 26, 2021
Last week Washington owner Dan Snyder and team president Jason Wright were interviewed while on a stadium tour in Los Angeles. During the interview Snyder said that a new stadium could be ready to go by 2027, but didn’t mention where the stadium would be.
In March Snyder struck an agreement to purchase the interest of his limited partners, Fred Smith, Robert Rothman, and Dwight Schar who own more than 40 percent of the team. Snyder will control all equity in the franchise once the deal is finalized. Selling a percentage of the team to Jay Z would certainly make the kind of splash that Snyder loves to make.
For ten years (2003-2013) Jay-Z enjoyed his role as a part-owner of the Brooklyn Nets NBA team, having paid a reported $1 million for his share, which declined in value to $350,000 in April 2013, based on Forbes magazine’s valuation of the team. He encouraged the team’s relocation to Brooklyn’s Barclays Center (from New Jersey) in the 2012-2013 season, which is when the team became known as the Brooklyn Nets.
