Bloomberg reports that media mogul Byron Allen may bid for the Washington Commanders NFL franchise.

Allen, worth $500-800 million, is reportedly engaging with an investor group

If that happens, it would be the second time this year he investigated owning an NFL franchise

In February, he considered bidding for the Denver Broncos, who were finally bought for $4.65 billion by the Walton family, owners of Wal-Mart

If transaction goes through, Allen would be the NFL's first black owner, easing concerns about diversity.

Allen's Entertainment Studios company also owns The Weather Channel and 21 regional sports networks with Sinclair Broadcast Group

A NFL official said Wednesday that the transaction would need approval from 24 of 32 teams.

Mark Cuban, owner of the Dallas Mavericks, and Ted Leonsis, who owns the Washington Wizards, Capitals, and Mystics, are other prospective owners.

Mark Cuban, owner of the Dallas Mavericks, and Ted Leonsis, who owns the Washington Wizards, Capitals, and Mystics, are other prospective owners.

This whispering may make your pocket full of dollars. Isn't it?