Doug Ostrover, a billionaire co-founder of Blue Owl Capital Inc. (NYSE:OWL), is selling his remaining stake in the NFL’s Washington Commanders back to the ownership group led by Josh Harris, people familiar with the matter told Bloomberg News.
Ostrover originally joined the consortium that purchased the Commanders in 2023 in a deal valued at more than $6 billion, a figure noted as the largest amount paid for a U.S. professional sports team. He had already disposed of a portion of his interest last year and, according to one of the people cited, is now exiting the rest of his investment.
The reported transaction comes as leaders at Blue Owl have experienced a marked decrease in their paper wealth. Shares of the private-credit focused asset manager have tumbled by more than 60% from their January 2025 high, a decline referenced in the reporting.
This account is based on Bloomberg News reporting that cites individuals with knowledge of the matter. The reporting indicates a further consolidation of ownership of the Commanders under the Josh Harris-led group following Ostrover’s earlier partial sale.
Context and market note
The move involves an individual investor who played a role in the 2023 purchase of the franchise for more than $6 billion and follows an earlier reduction of his stake. The article connects this sale to a broader backdrop in which executives associated with Blue Owl have seen a substantial decline in equity value due to a steep drop in the company’s share price.
What is clear from the reporting
- Doug Ostrover is selling his remaining ownership interest in the Washington Commanders back to the Josh Harris-led group, according to people cited by Bloomberg News.
- Ostrover joined the investor group that bought the franchise in 2023 for more than $6 billion and had previously reduced his stake last year.
- Shares of Blue Owl, a private-credit focused manager, have fallen by more than 60% from a January 2025 high, eroding paper wealth for its leaders.
Reporting in this piece is based on information attributed to people with knowledge of the transaction as reported by Bloomberg News.