Dan Snyder hires Bank of America to sell Commanders

WASHINGTON – Dan Snyder has hired Bank of America to begin the process to sell the Washington Commanders, according to an announcement Wednesday.

The Washington Commanders, along with Dan and Tanya Snyder, announced the team’s latest update, which said Bank of America Securities has been instructed to consider “potential transactions.”

“The Snyders remain committed to the team, all of its employees and its countless fans to bring the best product to the field and to continue the work to set the gold standard for jobs in the NFL,” the statement said.

It’s unclear what that means – whether Snyder’s plans to sell the entire team, part of the team or the stadium.

The Washington Commanders have been owned by the Snyders since 1999.

Following the news of the potential sale, Virginia Rep. Don Beyer said on Twitter, “Good exemption.”

“For my part, I will be very happy if this happens. To be clear, Dan Snyder did not “set the gold standard,” and I’m proud of my constituents and their peers who bravely came forward to speak out about the toxic culture Snyder created. Good release,” Beyer tweeted.

This news comes after a series of controversies surrounding the team, including the outage of FedEx Field and the workplace misconduct investigation into Commanders owner Dan Snyder.

The question on everyone’s lips following the release of the team statement is, “Why now?” Two weeks ago at the annual NFL Owners’ Convention, Colts owner Jim Irsay became the first owner to publicly break his silence on Snyder and told reporters that there was support among the owners to push Snyder out.

Irsay said it was “deserved to remove Snyder among several”. ongoing investigation into allegations of workplace harassment. Forcing Snyder to sell the team would have been unprecedented and would have required 24 votes from the league’s 32 owners.

“I think it’s something we need to review, we need to look at all the evidence and we need to be thorough,” Irsay said when asked if he thinks Snyder is good for the league. “I believe [other owners] will support [removing Snyder] when the report shows and they believe it’s the right thing.”

Following Irsay’s comments, Snyder’s legal counsel, John Brownlee, responded with an emphatic “no” when asked if Snyder ever considered selling the team and pursuing a personal life.

Snyder’s ownership of the team has been discussed amidst several scandals and extensively for years investigations into workplace behavior in Washington. The league has investigated allegations of sexual misconduct and financial impropriety, an investigation being conducted and ongoing by attorney Mary Jo White. It became a hotter topic after one ESPN report Details of Snyder’s efforts to influence other owners and the league office to maintain control of the team.

ESPN reported, citing anonymous sources, that Snyder hired private investigators and told people he had enough information to expose and expose co-owners Commissioner Roger Goodell.

The commanders have categorically denied all claims made in the ESPN report and published detailed answers to 12 questions from ESPN’s article.

“It’s hard to think of an article that is more categorically untrue and is clearly part of a well-funded two-year misinformation campaign to force the team’s sale that will continue to be unsuccessful,” a spokesman for the team said in response to questions about the Accuracy of ESPN’s Reporting.

Snyder has been part of the team since 1999. He and the organization are currently the subject of ongoing investigations by the US House Oversight and Reform Committee and the White Report. Last month, league manager Jeff Miller said there was no timeline for completing White’s investigation. Lisa Banks, who represents more than 40 former team employees, some of whom have spoken to White, expressed disappointment at the owners’ plan not to vote on Snyder, but expects new findings will change that course.

Snyder testified almost voluntarily 11 hours while testifying before the House Oversight and Reform Committee on July 28. Due to the fact that the testimony took place behind closed doors, what was said was not published.

The NFL is still in the midst of its second Washington Commanders investigation into Snyder and allegations of harassment and misconduct. A team spokesman told WUSA9 that Snyder has yet to speak to Mary Joe White, who is leading the investigation.

https://www.king5.com/article/sports/nfl/dan-snyder-hires-bank-of-america-sell-washington-commanders/65-e72f7c83-ceff-4e1f-9255-c21a96a4b404 Dan Snyder hires Bank of America to sell Commanders

Emma Bowman

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