Washington Commanders owner Dan Snyder has actually worked with Bank of America to check out “potential transactions,” the group stated Wednesday.
The NFL group worked with the bank to assist assist in a possible sale, according to an individual knowledgeable about the matter.
Snyder isn’t being required to offer the group in spite of installing pressure to possibly eliminate him as an NFL owner, the individual stated. Snyder and the Commanders are presently being examined by both the House Oversight Committee and the NFL for unwanted sexual advances and monetary misbehavior. The NFL’s probe is being led by previous Securities and Exchange Chair Mary Jo White.
“Mary Jo White is continuing her review. We have no update on a timeline,” the league stated Wednesday.
ESPN reported later on Wednesday the supposed monetary misbehavior is likewise the topic of a criminal probe by federal district attorneys with the U.S. lawyer’s workplace in the Eastern District of Virginia.
Team co-owners Dan and Tanya Snyder present for an image with existing employee and alumni throughout the statement of the Washington Football Team’s name modification to the Washington Commanders at FedExField on February 02, 2022 in Landover, Maryland.
Rob Carr|Getty Images
An offer for the Commanders might value the group as much as $7 billion, the individual stated. Forbes valued the group at $5.6 billion in its yearly group assessments list, making the franchise the 6th most important in the NFL.
The league stated Wednesday that any offer would need to go through its financing committee, and would need the approval of 24 of the NFL’s 32 groups.
Indianapolis Colts owner Jim Irsay stated at last month’s NFL owners’ conference that there was “merit to remove” Snyder as owner of the Commanders.
“It’s something we have to review, we have to look at all the evidence and we have to be thorough and it’s something that has to be given serious consideration,” Irsay stated of ballot on Snyder’s elimination last month.
After Irsay’s remarks, the Commanders launched a declaration stating Snyder would not offer the group.
“We are confident that, when he has an opportunity to see the actual evidence in this case, Mr. Irsay will conclude that there is no reason for the Snyders to consider selling the franchise. And they won’t,” the declaration stated.
Snyder has actually owned the Commanders because1999 In the last 23 seasons, the Commanders have actually made the playoffs 6 times and have yet to advance to a conference title video game. Snyder has actually drawn constant ire from the Commanders’ fan base for his habits and the group’s efficiency.
