When buyout mogul Josh Harris introduced his $6.05 billion buy of the Washington Commanders final week, he did not credit score a key advisor on the deal who can also be linked to a different fellow NFL workforce proprietor, sources instructed The Put up.
Andalusian Personal Capital and Advisory, which labored with Harris on the acquisition, counts amongst its founding buyers David Tepper – the outspoken hedge-fund billionaire who is also proprietor of the Carolina Panthers, sources stated.
Jeffrey Kaplan based Andalusian in 2021 after serving as chief working officer at Tepper’s fund Appaloosa Administration. He additionally helped Tepper in 2018 purchase the Panthers for $2.three billion.
Andalusian, nevertheless, was not a co-investor within the Commanders deal.
Accordingly, Tepper hasn’t acquired stakes in two competing groups which might have damaged NFL guidelines, a supply stated.
Tepper additionally reportedly solely has a passive stake in Andalusian.
Andalusian — whose mission, based on a 2021 New York Instances profile, is to put money into progress firms, particular conditions, and the media and sports activities sectors — acquired a charge within the deal that’s effectively deserved.
Jeff Bezos had been seen as the favourite to purchase the Commanders when the public sale began greater than six months in the past.
A number of potential rival suitors didn’t pursue the Commanders feeling it was pointless, sources near the state of affairs stated.
However working with Andalusian, Harris saved at it and — with Commanders proprietor Dan Snyder ultimately deciding to not invite Bezos into the method — ultimately scored.
Andalusian and Harris didn’t return calls.
The corporate is at the moment advising the Los Angeles Chargers within the sale of a minority stake within the workforce.