Snyders hire Bank of America to explore Commanders sale

1 year ago 38

The Washington Commanders released a connection Wednesday saying that owners Dan and Tanya Snyder person hired Bank of America Securities to see "potential transactions" involving the franchise.

"Dan and Tanya Snyder and the Washington Commanders announced contiguous that they person hired BofA Securities to see imaginable transactions," the squad said successful a statement.

"The Snyders stay committed to the team, each of its employees and its countless fans to putting the champion merchandise connected the tract and continuing the enactment to acceptable the golden modular for workplaces successful the NFL."

It was unclear from the team's connection whether the Snyders are exploring selling their involvement successful the franchise oregon if they are seeking to merchantability a number share.

However, a squad spokesperson told ESPN's Adam Schefter that each options were being considered.

"We are exploring each options," the spokesperson said.

Congress continues to analyse Dan Snyder for the workplace civilization created during his ownership. The NFL, led by lawyer Mary Jo White, besides is investigating Snyder for a 2nd time, stemming from an allegation of intersexual misconduct. The archetypal probe resulted successful a $10 cardinal good of the organization.

There besides are investigations by the lawyer generals successful Washington, D.C. and Virginia regarding fiscal improprieties by the organization, which the squad has denied.

Last period astatine the NFL's autumn gathering successful New York, Indianapolis Colts proprietor Jim Irsay became the archetypal NFL owner to publically telephone for the league to earnestly see removing Snyder from NFL ownership.

"I judge determination is merit to removing him arsenic proprietor of the [Commanders]," Irsay said from the edifice lobby of the Conrad New York Downtown. "There's information that helium should beryllium removed."

The league requires 24 of 32 owners to o.k. specified a vote, which ne'er has been done astatine the NFL level.

A Commanders spokesperson called Irsay's comments "inappropriate" and said results of existent investigations volition origin Irsay to spot Snyder successful a amended light. The team's connection said that "there is nary crushed for the Snyders to see selling the franchise. And they won't."

Commissioner Roger Goodell told reporters astatine the autumn gathering that helium had "little to nary discussion" with ownership astir the Snyder issue, successful ample portion due to the fact that White's probe is not complete.

A recent ESPN investigation elaborate the substance portion coating Snyder's shrewd plans against chap owners and Goodell, utilizing backstage investigators to get "dirt" from their past.

Snyder sent a missive to chap NFL owners addressing the ESPN probe and refuting his alleged usage of backstage investigators.

"That is patently mendacious and intended to erode the spot and goodwill betwixt owners that I instrumentality rather seriously," helium told his counterparts according to the letter, which was obtained by ESPN and dated Oct. 17. "I person ne'er hired immoderate backstage researcher to look into immoderate proprietor oregon the Commissioner. I person ne'er instructed oregon authorized my lawyers to prosecute immoderate backstage researcher connected my behalf for immoderate specified purpose. And I ne'er would."

Snyder bought the franchise for $800 cardinal successful 1999. The franchise is present worthy $5.6 billion, according to Forbes.

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