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The Washington Commanders introduced on Wednesday that the crew and its homeowners have employed Financial institution of America Securities to “take into account potential transactions”, elevating the chance that Dan and Tanya Snyder may promote the scandal-hit franchise.
“The Snyders stay dedicated to the crew, all of its staff and its numerous followers to placing the very best product on the sector and persevering with the work to set the gold customary for workplaces within the NFL,” the assertion stated.
Wednesday’s assertion is open to interpretation and the Snyders may select to promote solely a part of the Commanders or nothing in any respect. Nonetheless, it arrives at a time when the Snyders have come beneath rising strain to promote up.
In 2020, stories emerged that office sexual harassment towards feminine staff was pervasive on the Commanders, and Congress is at the moment investigating the allegations. The NFL launched its personal investigation into the claims and fined the Commanders $10m. There are additionally investigations in Washington DC and Virginia into allegations of financial misconduct at the Commanders, which the group denies.
Final month, ESPN reported Snyder had employed personal investigators to dig up grime on his fellow crew homeowners and NFL commissioner Roger Goodell. The Commanders denied the contents of the report, calling it “categorically unfaithful” and “clearly a part of a well-funded, two-year marketing campaign to coerce the sale of the crew, which is able to proceed to be unsuccessful.”
Nonetheless, the Indianapolis Colts’ Jim Irsay later grew to become the primary NFL proprietor to call for Snyder to sell the team. Eradicating Snyder would require 24 votes from the opposite 31 crew homeowners however Snyder can select to promote the crew voluntarily.
“It’s one thing we’ve to overview, we’ve to have a look at all of the proof and we’ve to be thorough and it’s one thing that needs to be given severe consideration,” Irsay stated final month. “I imagine within the office at the moment, the usual that the protect stands for within the NFL, that it’s important to stand for that and defend that. I simply suppose as soon as homeowners discuss amongst one another they’ll arrive on the proper determination. Sadly, I imagine that’s the highway we in all probability must go down and we simply want to complete the investigation, but it surely’s gravely regarding to me the issues which have occurred there over the past 20 years.”
Snyder has additionally squabbled with minority companions earlier than shopping for out their shares; delayed changing the team’s former nickname, which was broadly perceived as racist; and brought criticism for botching late security Sean Taylor’s jersey retirement.
Snyder’s regime has also seen the team fail on the field. They final received a playoff recreation within the 2005 season and commonly play in entrance of huge swathes of empty seats.
Snyder purchased the crew in 1999 for $800m. Forbes this yr valued the Commanders at $5.6bn.
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