Mat Ishbia plans to buy the Washington Commanders from the NFL

Mat Ishbia is back in the NFL.

The former Michigan State basketball player turned billionaire businessman is considering a bid to buy the Washington Commanders.

“The NFL is a big league and Washington is one of the elite franchises,” Ishbia said in a statement Friday. “I am interested in further exploring this opportunity in the very near future.”

The chairman and CEO of United Wholesale Mortgage and MSU donor tried to buy the Denver Broncos earlier this year. The franchise was sold this summer for $4.65 billion to a group led by Walmart heir Rob Walton.

Forbes lists 42-year-old Ishbia’s net worth at around $4.6 billion. United Wholesale Mortgage was the nation’s top mortgage lender by volume in the third quarter of this year.

Mat Ishbia, President and CEO of United Wholesale Mortgage, attends a game between Michigan State and Akron during the first half at Spartan Stadium in East Lansing on Saturday September 10, 2022.

Ishbia’s company, headquartered in Pontiac, has sponsorship deals with MSU, and he’s donated millions to the university, including helping pay for the 10-year, $95 million contract from football coach Mel Tucker signed a year ago. United Wholesale Mortgage, founded by Ishbia’s father in 1986, last year promised monthly payments of $500 to 133 men’s scholarships and basketball and soccer players for the duration of their careers as MSU athletes.

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