Dan Snyder and Washington Command are the subject of ongoing investigations into allegations of workplace misconduct; Asked if the Snyders were considering selling part or all of the team, a rep said, “We’re looking into all options.”
Washington Commanders co-owners Dan Snyder and Tanya Snyder have hired Bank of America to “consider possible deals” as they want to sell the team.
Asked if the Snyders were considering selling part or all of the team, a rep said, “We’re looking into all options.”
The state of the commanders is estimated at 5.6 billion dollars. Forbes, who first reported that the Snyders wanted to sell. This ranks them sixth among 32 NFL teams in terms of estimated value.
The publication added that the Snyders have already received at least four calls from groups interested in buying the team.
Dan Snyder has been the owner of the Washington franchise since 1999, but his two-decade tenure was undermined by poor performance on the field – Washington won only two playoff games during that period – and controversy over this.
Both Dan Snyder and the team are the subject of separate ongoing investigations into allegations of workplace misconduct by the U.S. House Committee on Oversight and Reform and former attorney Mary Jo White on behalf of the NFL.
In 2020, the NFL conducted an initial independent investigation into the team by Beth Wilkinson’s attorney’s firm, which found the workplace culture in Washington to be “toxic”. Dan Snyder and crew have been fined $10 million and his wife Tanya has been in charge of day-to-day operations since July 2021.
The lack of a written report of Wilkinson’s findings prompted Congress to investigate. In February, Congress also held a roundtable during which a new allegation of sexual harassment was brought against Snyder by a former employee of the team. He denies this accusation.
The Commanders are also currently facing a criminal investigation in Virginia, where the club is facing financial misconduct charges for allegedly defrauding season ticket holders from security deposits and wrongfully withholding ticket revenue from NFL teams. The commanders denied these allegations.
