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Jeff Bezos Might Be Targeting NFL’s Washington Football Team: Report

The head of Amazon.com (NASDAQ: AMZN) announced earlier this month he would step away from the CEO role of the company he founded. All eyes are on what could be next for Jeff Bezos and a report out Monday could point to the famed entrepreneur taking on the role of NFL owner. What Happened: Bezos has explored taking an ownership position in the NFL's Washington Football Team, according to Front Office Sports. The current Amazon CEO is said to have held talks about buying a stake in the team, which plays in Washington D.C. Three minority owners of the Washington Football Team hired Moag & Co, a Baltimore-based sports investment banking firm to explore a sale. Bezo’s attorney held talks with Moag & Co, according to the report. Current Washington Football majority owner Dan Snyder has claimed an extortion campaign forcing him to sell the team is being wagered. Snyder blocked the sale of a stake in the team by existing owners using his right of first refusal. FedEx (NYSE: FDX) CEO Fred Smith is among the owners of the Washington Football Team that are suing Snyder for blocking the sale. Back in November of 2019, CBS Sports reported Bezos was interested in buying a team and said he "has strong support within the league to eventually join their ranks." Related Link: Jeff Bezos Is The First Person Worth 0B Thanks To Amazon Stock’s Run Why It’s Important: Bezos has made several deals and purchases that point to Washington D.C. being a new key location for the notable entrepreneur. Bezos purchased the Washington Post in 2013. Amazon’s second headquarters is in Arlington, Virginia, located near Washington D.C. Bezos also purchased a 27,000 square feet mansion in Washington D.C. in 2016 and spent $12 million to renovate the home. The Washington Football Team is the eighth-most valuable NFL team, according to Forbes. The team is valued at $3.5 billion and has seen its value rise 8% on an annualized basis over the last several years. The move into NFL team ownership comes as Amazon.com is pushing into sports streaming rights and is considered one of the companies that will make a play at NFL rights coming to market soon. AMZN Price Action: Shares of Amazon were down 2% to $3,180.74 on Monday. Photo credit: DoD by Senior Master Sgt. Adrian Cadiz (Released) [Public domain] See more from BenzingaClick here for options trades from BenzingaWhat We Know About Star, Disney's Adult-Oriented Streaming ChannelAfter 1,000% Rise In One Year, Is This Energy Drink Stock Still Worth Buying?© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Read More...

The Guardian

Texas Republican hypocrisy over federal aid is nothing new – ask Flyin’ Ted Cruz

After Hurricane Sandy, the senator opposed relief for New York and New Jersey. It’s one rule for Texas, another for the rest of usRobert Reich: Texas freeze shows chilling truth about the rich Ted Cruz speaks on Capitol Hill. Photograph: Olivier Douliery/AFP/Getty Images Texas has been hit by a disaster of its own making and its Republican office holders expect the rest of the US to pay to clean up the mess. To quote Dana Bash of CNN questioning Michael McCaul, a veteran GOP congressman, on Sunday: “That’s kind of rich, don’t you think?” For all of their bravado and anti-government rhetoric, in the aftermath of calamities like last week’s deep freeze Lone Star Republicans make a habit of passing the plate. Their suffering is ours too. But when the shoe is on the other foot, they begrudge kindness to others. Said differently, Ted Cruz is merely a grotesque illustration, not an exception. Take a walk down memory lane. In October 2012, Hurricane Sandy hammered New York and New Jersey. As the north-east reeled, Texas Republicans stood back, treating the region as if it were another country. As if the civil war had not ended. After the turn of the year, Cruz, his fellow senator John Cornyn and 23 of two dozen Texas Republicans in the House gave a thumbs down to Sandy aid. Less reflexively hostile heads prevailed. The relief bill cleared Congress. But the GOP’s Texans had left their mark. Peter King, then a Republican representative from Long Island, understood malice and stupidity when he saw it. He called for a halt to donations to Republicans who opposed rescuing sister states. “These Republicans have no problem finding New York when they’re out raising millions of dollars,” King said. “What they did last night was put a knife in the back of New Yorkers and New Jerseyans. It was an absolute disgrace.” Ted Cruz is nothing if not performative, ever Janus-faced But Cruz in particular is nothing if not performative, ever Janus-faced. After Hurricane Harvey slammed Houston in 2017, he offered this explanation for his vote four years earlier: Sandy relief had become “a $50bn bill that was filled with unrelated pork”. Cruz also intoned: “What I said then and still believe now is that it’s not right for politicians to exploit a disaster when people are hurting to pay for their own political wishlist.” Other than possibly Cruz’s long-suffering wife, it is unclear whether anyone believed Flyin’ Ted even then. Cruz may have flown home alone, leaving his family in Cancún, but he is not alone among Texas Republicans in hating Blue America. He is just the most notorious. Unlike congressman Louie Gohmert, Cruz went to Princeton and Harvard. He should and likely does know better. In 2019, as part of Donald Trump’s overhaul of the tax laws, Kevin Brady, a Texan then chair of the House ways and means committee, virtually eliminated the deductibility of state and local taxes from federal tax returns, in order to pay for an upper-bracket and corporate giveaway. New York and New Jersey are still feeling the bite. Under Trump, the economy failed to pass 3% growth annually and a much-touted manufacturing renaissance failed to appear. Covid made a bad situation worse. And now, lo and behold, Texas is forced, cap in hand, to pucker up to a Democratic House, Senate and White House. Senator Chuck Schumer, the majority leader and a native of Brooklyn, must be suppressing a smile. To be sure, the federal government and Congress must help Texas. No ifs, ands or buts. Joe Biden is treating the state a whole lot better than Trump did Puerto Rico. That’s a good thing. Innocent lives have been lost and upended in the name of retrograde ideology masked as policy. Real people, families and business have been destroyed. Climate change denial comes with a high human cost. Standing apart from the national electric grid isn’t independence. It is a death wish by another name. Confederacy 2.0. Alexander Stephens, vice-president of the breakaway states, summed up this attitude in 1861: “If Charleston harbor needs improvement, let the commerce of Charleston bear the burden. If the mouth of the Savannah River has to be cleared out, let the sea-going navigation which is benefited by it, bear the burden.” Sounds familiar? Other than when it came to repelling Abraham Lincoln, the Confederacy was not a mutual assistance pact. Before this latest manmade debacle, Republicans were dreaming of drowning government in a bathtub. Hopefully, in Texas that may change.

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