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the Commanders close to being sold by the owner couple

the Commanders close to being sold by the owner couple

The Washington Commanders franchise could be sold by owner couple Dan and Tanya Snyder.

Washington Commanders owners Dan Snyder – accused of instilling a toxic work culture at the club – and his wife Tanya are considering selling the NFL franchise, the club announced on Wednesday.

Dan and Tanya Snyder and the Washington Commanders tapped Bank of America to work on potential deals“, is it indicated in the press release, without specifying whether these relate to a sale of shares or a full sale.

Snyder had acquired the franchise and its stadium in 1999 for $800 million. Last year, he bought out all of his minority partners to gain full control of the team.

The last NFL franchise to be sold was the Denver Broncos, this summer for $4.65 billion.

In August, Forbes ranked the Commanders as the sixth most valuable team in the NFL, with $5.6 billion, despite the problems that emerged in his era. According to the trade magazine, at least four groups of potential buyers have expressed interest.

The Washington franchise, which took the nickname of Commanders at the start of the year, after having abandoned that of Redskins, decried for its connotation deemed racist towards Native Americans, has been more talked about behind the scenes than on the ground in recent years. years, unable to win a play-off game since 2005.

The Washington Post reported in July 2020 that 40 former employees had been sexually harassed by Snyder and others at the club. Charges confirmed by an independent investigation, which concluded in July 2021 that bullying, intimidation and sexual harassment were commonplace in the Commanders’ workplace.

Subsequently, the NFL imposed a $10 million fine and Dan Snyder, who in the past vowed never to sell the team, handed day-to-day operational control of the team to his wife.

Recently, Indianapolis Colts owner Jim Irsay said there would be “meritto Snyder no longer owning the Commanders, saying it was “something to seriously consider“.

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