Politico founder Robert Allbritton says he’s interested in potentially buying the Nationals.
In an interview, Allbritton says his father ran the Houston Astros for a time around the early 1970s after the team owner’s finances went bust and Joe Allbritton—who was the owner’s banker—was forced to step in. “This isn’t the first time we’ve been involved with a baseball team,” Allbritton says, “but it would be the first time it’s been voluntary.”
It’s not yet clear how much of the team, if any, would ultimately be sold, or what price the franchise might fetch in the open market.the Nationals at $2 billion. Likewise, Allbritton is coy about the contact he’s had with the Lerners or their representatives. He says that he has “not yet” been in contact with the current ownership and that “no documents are signed so I can speak my mind.
The level of Allbritton’s interest in buying into the team, he says, depends a great deal on the objectives of the Lerners. “Are you talking about selling the thing outright? Or some sort of a group? Are you talking about selling off a chunk? Are you talking about a negotiating strategy to deal with [Peter] Angelos and [the dispute over] MASN? What are you doing here? Well, what are you up to? [It] is a little bit of a question mark.
While much of those questions remain unanswered, Allbritton says he has a hunch about what the Lerners may be up to. “My gut tells me this is a partial liquidation, not a total,” he says. “It’s sort of like, ‘Who do we bring in as a minority partner to take some money off the table?’ With some financial diversity. Because I’m sure they’re looking at it kind of like how I was looking at it with Politico, like, ‘Boy there’s a lot of money tied up with one property here.
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