Thursday, June 1, 2023
Home Sports Washington Commanders owner Dan Snyder exploring possible sale of team

Washington Commanders owner Dan Snyder exploring possible sale of team


Washington Commanders proprietor Dan Snyder, who has been accused of fostering a “poisonous office” within the NFL franchise, is contemplating a sale of the crew.

By means of a crew assertion on Wednesday, Snyder and his spouse, Tanya, introduced that they employed Financial institution of America Securities “to think about potential transactions.”

The transfer comes months after a House Oversight Committee investigating the Commanders proprietor accused him of fostering a “poisonous office” and conducting “a shadow investigation to focus on his accusers, pin the blame on others, and affect the NFL’s personal inside evaluate.”

An inside investigation by lawyer Beth Wilkinson final yr resulted within the NFL fining the Commanders $10 million and Snyder handing management of the franchise’s every day operations to his spouse. Snyder has denied the accusations.

The Commanders Wednesday assertion reads: “Dan and Tanya Snyder and the Washington Commanders introduced in the present day that they’ve employed BofA Securities to think about potential transactions. The Snyders stay dedicated to the crew, all of its workers and its numerous followers to placing one of the best product on the sector and persevering with the work to set the gold commonplace for workplaces within the NFL.”

Attorneys Lisa Banks and Debra Katz, who signify greater than 40 former workers accusing Snyder of office improprieties, in a press release referred to as the doable sale “a superb growth for the crew, its former and present workers, and its many followers.”

“We should see how this unfolds, however this might clearly be a giant step in the direction of therapeutic and closure for the various courageous ladies and men who got here ahead,” the attorneys stated.

Snyder final month denied allegations he employed non-public investigators to look into his NFL counterparts, in addition to league Commissioner Roger Goodell.

The denial got here in response to an ESPN report that cited a number of unnamed house owners and league and crew sources and stated the Commanders proprietor “instructed his regulation companies to rent non-public investigators to look into different house owners – and Goodell.”

In a letter despatched to NFL house owners, Snyder stated the allegation was “patently false and meant to erode the belief and goodwill between house owners that I take fairly critically.”

ESPN has alleged that present and former crew executives stated Snyder “continues to be much more concerned operating the membership than most understand,” including that he lobbied to amass quarterback Carson Wentz from the Indianapolis Colts, whereas the sources questioned if crew president Jason Wright, the primary Black man in NFL historical past to carry that title, “has true authority to repair the crew.”

Goodell testified earlier than the congressional panel in June and stated the Commanders’ tradition was “not solely unprofessional, however poisonous for much too lengthy.”

However the commissioner maintained that the Commanders’ office has modified for the higher and that Snyder “confronted unprecedented self-discipline,” together with the positive.

Goodell stated Snyder had not attended league or committee conferences previously yr, and famous the Commanders put in place “a wholly new, extremely expert and various administration crew” and “revamped” their cheerleading program and management with a coed dance crew.

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