Mitchell Rales: The New Player in the Commanders Sale Saga The Washington Commanders, formerly known as the Washington Redskins, have been embroiled in a long and complicated sale process that has attracted several potential buyers. One of them is Josh Harris, a co-owner of the Philadelphia 76ers and the New Jersey Devils, who has been pursuing a deal with Daniel Snyder, the current owner of the Commanders. But Harris is not alone in his bid. According to multiple reports1234, he has teamed up with Mitchell Rales, a billionaire businessman from Potomac, Maryland, who is a co-founder of Danaher Corporation5, one of the largest companies in Washington D.C. Who is Mitchell Rales? Mitchell Rales is a self-made tycoon who started his career as a salesman for his father’s real estate company. He later joined forces with his brother Steven to form Equity Group Holdings, an investment firm that acquired stakes in various industrial and technology companies. In 1984, they founded Danaher Corporation6, a conglomerate that specializes in science, technology and innovation. Danaher owns several well-known brands such as Beckman Coulter, Leica Microsystems and Pall Corporation. According to Forbes6, Mitchell Rales has a net worth of $5 billion as of March 2023. Rales is also known for his philanthropy and art collection. He established the Glenstone Foundation6, which operates a museum and sculpture park in Potomac that showcases modern and contemporary art. He also donated $10 million to Georgetown University’s medical school in 20196. Why does he want to buy the Commanders? Rales has not publicly commented on his interest in buying the Commanders, but some sources have speculated that he may have personal or professional reasons for joining Harris’s group. One possible reason is that he is a fan of football and sports in general. He played football at Walt Whitman High School6 and was reportedly interested in buying the Baltimore Orioles baseball team in 19936. He also owns several horses that compete in equestrian events. Another possible reason is that he sees an opportunity to leverage his business acumen and connections to revitalize the Commanders franchise. The team has been struggling on and off the field for years, facing controversies over its former name, sexual harassment allegations against its executives and poor performance on the field. Rales may be able to help turn things around by bringing his expertise in innovation, management and culture change to the organization. He may also be able to use his influence in Washington D.C. to secure favorable deals for stadium development or sponsorship agreements. What are his chances of buying the Commanders? The sale of the Commanders is still subject to several legal hurdles and uncertainties. Snyder has been trying to buy out his minority partners who own 40% of the team but have been locked in a dispute with him over valuation and governance issues. Snyder has also faced pressure from some NFL owners who are unhappy with his handling of various scandals involving the team. The NFL has launched an investigation into Snyder’s conduct and could impose sanctions or even force him to sell if it finds evidence of wrongdoing. Harris’s group reportedly offered $4 billion for Snyder’s stake but was rejected by him last year1. It is unclear whether they have increased their offer or whether Snyder has changed his mind since then. However, some analysts believe that adding Rales to Harris’s group could boost their chances of striking a deal with Snyder or convincing other NFL owners to approve their bid. Rales brings more financial firepower, local credibility and strategic vision to Harris’s group which could make them more attractive as potential buyers.
Zlatan; Wizards Look Bad; Redskins Look Worse; RG3 Back in the DMV
Big Z has landed in LA and the MLS will never be the same. (Who doesn’t love some soccer talk?!) Locally however the Wizards look horrible dropping games to the Bulls and Rockets, while the Nationals give up seven with Max on the mound, and the Redskins have more rumors to to deal with about problems between Bruce and Dan… oh yea, and RG3 was just signed by the Ravens… for unknown reasons. In short, business as usual in and around DC and LP and Joe are here to break it all down. Listen and share!
Baseball is Back; Nats Unlikely to Win ALL Games; Do We Fear the Mets?
The seasons has arrived… with great expectations! Stevie, Mat (the Met), Joe, and new-comer Fady (Freddy) are all on the horn today sharing their thoughts as the season begins and setting both reasonable and unreasonable expectations for the Nationals. Tune-in, share, and get excited baseball fans… the wild ride to the post-season begins now! (Photo Credit: YouTube)
Spring Training Continues; Does the Season Really Matter?
Does anything the Nationals do between now and October really matter? Joe doesn’t think so, and neither does FP. Stevie and Anthony (a.k.a. Reali) think otherwise. The boys discuss all things Nats as the preseason begins to end and the regular season is just around the corner. Can the Nats get Bryce to stay long term? Will the GM get an extension before the All-Star break? Is this the best opening day roster the Nationals have ever had? These topics and so much more on a focused DTC podcast dedicated to the Nationals! (photo credit: Federal Baseball)
NFL Free Agency Continues; Redskins Preparing for Draft
FP and Joe breakdown the event that has overtaken March Madness known simply as NFL Free Agency. It is amazing but with so many players joining new teams it takes time to get used to who went where and what jersey they will be wearning next fall. Tune in and get the DTC takes on all things NFL Free Agency today! Do the Redskins have a few more moves in them before the draft starts?