Dan Snyder

2022 - 11 - 2

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Image courtesy of "The New York Times"

Dan Snyder Hires Bank to Explore Sale of Washington Commanders (The New York Times)

Daniel and Tanya Snyder, the embattled co-owners of the N.F.L. team, announced that they would seek “potential transactions” related to the sale of the ...

A former employee also accused the team of financial malfeasance, a claim that was [submitted to the Federal Trade Commission.](https://www.nytimes.com/2022/04/18/sports/football/washington-commanders-finances-ftc.html) Such a move would require support from at least 24 of the league’s 32 owners. team, announced that they would seek “potential transactions” related to the sale of the team. He and his family now own nearly all the shares in the team. Snyder has been under growing pressure from politicians, former employees and even fellow N.F.L. [“there is merit to remove” Snyder as owner](https://www.nytimes.com/2022/10/18/sports/football/dan-snyder-washington-commanders.html) of the Commanders.

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Image courtesy of "CNN"

Washington Commanders owner Dan Snyder exploring the sale of ... (CNN)

Washington Commanders owner Dan Snyder is considering a sale of the team. Through a team statement on Wednesday, Dan and his wife, Tanya, announced that ...

The Commanders Wednesday statement reads: “Dan and Tanya Snyder and the Washington Commanders announced today that they have hired BofA Securities to consider potential transactions. Attorneys Lisa Banks and Debra Katz, who represent more than 40 former employees accusing Snyder of workplace improprieties, in a statement called the possible sale “a good development for the team, its former and current employees, and its many fans.” Snyder has denied the accusations.

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Image courtesy of "Forbes"

Dan Snyder Hires Bank Of America To Sell Washington Commanders (Forbes)

Neither the Commanders or Bank of America, which has handled such notable team sales as the purchase of the Los Angeles Clippers by Steve Ballmer, ...

The Commanders are also working on finding a location for a Snyder also owns FedEx Field and the 264 acres around it, as well as 150 acres at the team’s headquarters in Ashburn, Virginia. Team sponsorship revenue is surging 40% this season over 2021, and the team landed its According to a person familiar with the process, Snyder already has at least four calls from groups interested in buying the team. It was a savvy move by Snyder as the values of NFL teams have gone nowhere but up. Later that month, Forbes valued the Commanders at $5.6 billion,

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Image courtesy of "CNBC"

Washington Commanders owner Dan Snyder hires Bank of America ... (CNBC)

Washington Commanders owner Daniel Snyder has hired Bank of America to help facilitate a potential sale of the team.

And they won't," the statement said. Forbes valued the team Snyder has drawn [despite mounting pressure to potentially remove him as an NFL owner](https://www.audacy.com/theteam980/sports/washington-commanders/jay-glazer-sources-are-bailing-on-owner-dan-snyder), the person said. Snyder has owned the Commanders since 1999. A deal for the Commanders could value the team as much as $7 billion, the person said.

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Image courtesy of "Axios"

Dan Snyder hires bank to explore selling Washington Commanders (Axios)

Dan and Tanya Snyder announced Wednesday that they are exploring selling the Washington Commanders, a splash of welcome news for a weary fanbase that could ...

sports franchises could be for sale at the same time. Democrats in Washington, D.C., Maryland and Virginia have been reluctant to support a new stadium that could financially benefit Snyder. Possible transactions include a full sale of the team or a minority stake position. [congressional Democrats](https://www.washingtonpost.com/sports/2022/10/05/dan-snyder-lawyer-letter-congress-investigation/), [the attorney general of D.C.](https://www.washingtonpost.com/sports/2022/10/17/dan-snyder-dc-attorney-general-investigation/) and the [NFL](https://apnews.com/article/washington-commanders-nfl-sports-mary-jo-white-roger-goodell-410cf2830bbcb6f005ecf73e480f2146). [Why Private equity won't play in the Washington Commanders sweepstakes](https://www.axios.com/2022/11/02/washington-commanders-sale-private-equity-snyder)] [broke](https://www.forbes.com/sites/mikeozanian/2022/11/02/dan-snyder-hires-bank-of-america-to-sell-washington-commanders/?sh=183072126479)the news, reported that Snyder has already fielded four calls from groups interested in purchasing the team.

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Image courtesy of "NFL.com"

Commanders owners Dan and Tanya Snyder hire Bank of America ... (NFL.com)

Washington Commanders owners Dan and Tanya Snyder said in a statement on Wednesday that they have hired Bank of America Securities to "consider potential ...

18](https://www.nfl.com/news/colts-owner-jim-irsay-believes-there-is-merit-to-remove-daniel-snyder-as-command) at the Fall League Meeting in New York that he believed "there's merit to remove" Snyder as owner. The Commanders responded to Irsay's comments that same day, stating the Snyders had no intentions to sell the team. Snyder and the team were fined $10 million, and the league said he turned day-to-day operations over to wife Tanya, but no written report of Wilkinson's findings was released. Congress also hosted a roundtable in February, during which there was a new allegation of sexual misconduct made against Dan Snyder by a former team employee. Attorney Mary Jo White, who is conducting a new review on behalf of the NFL, concerning allegations of workplace misconduct and potential unlawful financial conduct. [told](https://twitter.com/RapSheet/status/1587828135646699522) NFL Network Insider Ian Rapoport that "we are exploring all options."

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Image courtesy of "The Derby Informer"

Dan Snyder hires bank to help sell Commanders (The Derby Informer)

Dan and Tanya Snyder have hired BofA Securities to help with a potential sale of the Washington Commanders. "The Snyders remain committed to the team, ...

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Image courtesy of "The Derby Informer"

Dan Snyder hires bank to explore Commanders sale (The Derby Informer)

Dan and Tanya Snyder have hired BofA Securities to help with a potential sale of the Washington Commanders. "The Snyders remain committed to the team, ...

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Image courtesy of "Sports Illustrated"

Commanders Possible Sale: The Price Tag and Potential Buyers (Sports Illustrated)

Washington Commanders owner Dan Snyder is exploring selling his franchise. It could take as much as $7 billion for Snyder to sell the Commanders. Brad Mills/USA ...

• David Blitzer is a Harris partner and has stakes in the Sixers, the Guardians and Real Salt Lake. That stadium, likely with a roof, would host a Super Bowl that would bring in the sort of global power from the business and political world that having last year’s Super Bowl at SoFi Stadium did from the entertainment world. • Dodgers owners Mark Walter and Todd Boehly were also deep in the Denver bidding. Which would seem perfect except for this—there’s significant doubt in league circles that Snyder would ever sell to Bezos because of his animus for the Post. would open up for the Commanders with Snyder out of the picture, and the new owner could then leverage the right deal for it, with Maryland and Virginia involved in the bidding. • Sixers co-owner Josh Harris was one of the runners-up for the Broncos. Either way, the expectation is he’ll be in the mix. [the Snyders had hired Bank of America](https://www.si.com/nfl/2022/11/02/commanders-owner-dan-snyder-hires-bank-to-handle-potential-sale-of-team-per-report) to explore selling either pieces of the team or the entire franchise. One team executive compared the Commanders to where legacy Premier League soccer teams were 20 years ago in the U.K.—when international bidders came in to buy franchises they’d ID’d as undervalued, distressed assets—with the one drawback being that whoever the next owner is would have to make a second significant investment to get a new stadium built. And many in the room took a deeper message from the directive. Irsay will conclude that there is no reason for the Snyders to consider selling the franchise. Goodell’s words came in the wake of

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Image courtesy of "The Washington Post"

The dizzying events that led Daniel Snyder to consider selling ... (The Washington Post)

The announcement by the team comes after 2½ years of controversy and multiple probes into the franchise's culture and conduct.

[several people told The Post](https://www.washingtonpost.com/sports/2022/09/24/dan-snyder-nfl-owners-washington/?itid=lk_inline_manual_33&itid=lk_inline_manual_34). 6 failed insurrection](https://www.washingtonpost.com/sports/2022/06/08/jack-del-rio-insurrections-comments/?itid=lk_inline_manual_31) as a “dust-up.” The committee would subpoena Snyder, and he gave a [10-hour deposition](https://www.washingtonpost.com/sports/2022/07/28/dan-snyder-house-oversight-committee-interview/?itid=lk_inline_manual_29) in July. [she accused Snyder of sexual assault](https://www.washingtonpost.com/sports/2022/06/21/dan-snyder-sexual-assault-allegation/?itid=lk_inline_manual_29). Goodell [testified over Zoom](https://www.washingtonpost.com/sports/2022/06/22/roger-goodell-house-oversight-committee/?itid=lk_inline_manual_29) to the lawmakers for 2½ hours while a chair with Snyder’s name in front of it sat empty because he declined to attend. In March 2021, the owners on the NFL’s finance committee approved a debt waiver that [enabled Snyder to borrow $450 million](https://www.washingtonpost.com/sports/2021/03/24/daniel-snyder-nfl-debt-waiver-washington-football-team/?itid=lk_inline_manual_16) to buy out the partners, which put the entirety of the franchise in his hands. Five days later, [the NFL assumed oversight](https://www.washingtonpost.com/sports/2020/08/31/nfl-assumes-oversight-investigation-into-washington-football-team-workplace/?itid=lk_inline_manual_12) of Wilkinson’s investigation. The Post would later report that Snyder, against his public declarations, [had interfered with the probe](https://www.washingtonpost.com/sports/2021/12/14/daniel-snyder-nfl-investigation/?itid=lk_inline_manual_12). [called for franchise to drop the name](https://www.washingtonpost.com/sports/2020/07/10/private-letter-redskins-fedex-said-it-will-remove-signage-if-name-isnt-changed/?itid=lk_inline_manual_7) “Redskins” on the grounds that it was a slur, the team announced it would “retire” the name without introducing an immediate replacement. [had acquired the rights to purchase 200 acres in Woodbridge, Va](https://www.washingtonpost.com/sports/2022/05/23/commanders-purchase-land-prince-william/?itid=lk_inline_manual_31)., as a possible stadium site. [The Washington Post published a report](https://www.washingtonpost.com/sports/2020/07/16/redskins-sexual-harassment-larry-michael-alex-santos/?arc404=true&itid=lk_inline_manual_5&itid=lk_inline_manual_10) in which more than a dozen women alleged sexual harassment and verbal abuse by team employees. 26, 2020](https://www.washingtonpost.com/sports/2020/08/26/redskins-cheerleaders-video-daniel-snyder-washington/?itid=ap_willhobson&itid=lk_inline_manual_12), in which former employees alleged more lewd workplace behavior, including the production of a video with footage of partially nude cheerleaders filmed without their knowledge at a photo shoot.

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Image courtesy of "The Washington Post"

Daniel Snyder is trapped — and now Washington fans can dare to ... (The Washington Post)

For anyone who still loves Washington's NFL franchise, Daniel Snyder finally provided a glimmer of hope.

Perhaps the team can huddle at the end of practice and break with shouts of “Hallelujah!” The news, though vague and subject to change, arrived Wednesday like a heavenly declaration. [thorough ruination](https://www.washingtonpost.com/sports/2022/10/20/daniel-snyder-washington-commanders-distraction/?itid=lk_inline_manual_2) of a prime NFL franchise, [is open to selling the Washington Commanders](https://www.washingtonpost.com/sports/2022/11/02/dan-snyder-sale-washington-commanders/?itid=lk_inline_manual_2).

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Image courtesy of "profootballrumors.com"

Latest On Commanders Owner Dan Snyder (profootballrumors.com)

The U.S. attorney's office in Virginia's Eastern District opened a criminal investigation into alleged financial improprieties perpetrated by the Commanders ...

[Follow @PFRumors](https://twitter.com/PFRumors) [This matter also falls ](https://cdn.profootballrumors.com/files/2020/07/USATSI_13215498.jpg) [under the umbrella of the latest NFL investigation](https://www.profootballrumors.com/2022/05/latest-on-commanders-owner-dan-snyder). “This is not how we should be represented, and it’s regrettable that we have to be in this position. Snyder [sent a letter to other owners insisting](https://www.profootballrumors.com/2022/10/dan-snyder-denies-hiring-firms-to-investigate-owners) he had never hired firms to investigate them. While Mary Jo White’s investigation is covering allegations of sexual misconduct in the Washington organization and [a 2009 alleged Snyder sexual assault](https://www.profootballrumors.com/2022/06/house-oversight-committee-to-subpoena-commanders-owner-dan-snyder), the financial component is also folded into this. Irsay indicated there might be 24 votes on the table to oust Snyder, which would be a first for an NFL owner in the league’s 102-year history. I do believe that the concerns I have will merit a serious discussion among all the owners. [Don Van Natta of ESPN.com reports](https://www.espn.com/nfl/story/_/id/34934158/sources-us-attorney-office-investigating-commanders-alleged-financial-improprieties). [ESPN report subsequently accused Snyder of conducting](https://www.profootballrumors.com/2022/10/owners-not-expected-to-address-dan-snyders-ownership-status-at-meetings) shadow investigations of select other owners, including Jerry Jones, who said recently he still supports his fellow NFC East owner. The franchise’s owner since 1999, Snyder and other team executives have been accused of withholding ticket revenue from opposing teams and keeping refundable deposits from fans. In the wake of that surprising announcement, word came down the embattled owner is the subject of yet another investigation. This Virginia investigation joins those being conducted by the Oversight Committee and the NFL as ongoing inquiries into Snyder and his franchise.

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Image courtesy of "Deadspin"

Dan Snyder is fleeing the Commanders' ship as the DOJ closes in (Deadspin)

What began as a value report that the Washington Commanders had secured Bank of America (BofA) Securities to explore “potential transactions” morphed into ...

Snyder has been a pox upon the team since he assumed ownership nearly a quarter-century ago. [91% offLowest Price Ever: Microsoft Office Professional 2-Pack](https://stacksocial.com/sales/microsoft-office-professional-2021-for-windows-lifetime-license-2-pack?aid=a-efnv1nsd&utm_source=theinventory.com&utm_medium=referral&utm_campaign=microsoft-office-professional-2021-for-windows-lifetime-license-2-pack_110222&utm_term=scsf-559240) [According to Friedman](https://deadspin.com/more-like-con-manders-amirite-1848785381), Snyder and team executives have been [concealing sharable revenue ](https://deadspin.com/more-like-con-manders-amirite-1848785381)derived through home game ticket sales from the NFL for more than a decade. [stadium bill ](https://deadspin.com/dan-snyder-s-commanders-are-a-failed-state-1848987306)was thankfully nixed at the 11th hour after public financing was significantly cut, and due to one of the stadium’s leading proponents backing out and delivering a withering rebuke of the Commanders. However, with federal authorities breathing down his neck, fellow owners organizing to boot him, and the team mired in scandal, Snyder appears to have finally acknowledged defeat. The Commanders’ tone in their response was more akin to a vow for revenge through a supervillainy threat at legal action towards Irsay than a humbled organization reeling from years of awful headlines. He fought the requests to change the team name for years before ultimately caving and has been adamant that he would never sell. Snyder ran the team less like a successful business and more like an outlet for him to act out his id’s darkest desires. It’s ironic that a criminal investigation spurred by a former henchman in the ticket and sales department is what may eventually bring him down. But if he is memorialized in any way, it should be as the most ruinous owner in the post-merger NFL. What began as a value report that the Washington Commanders had secured Bank of America (BofA) Securities to explore “potential transactions” morphed into jubilee as the implication became clear. Their brand — back when the team name began with an R — ranked alongside the Steelers, Packers, and Cowboys in the NFL hierarchy. These days, the Washington Snyders haven’t won a playoff game in 17 years and are associated with bottom-dwelling franchises like the Detroit Lions and Cleveland Browns.

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