Home WebMail Friday, November 1, 2024, 03:25 AM | Calgary | -3.6°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
Posted: 2023-04-13T17:52:52Z | Updated: 2023-04-13T18:59:43Z Dan Snyder To Sell Washington Commanders For $6 Billion: Reports | HuffPost

Dan Snyder To Sell Washington Commanders For $6 Billion: Reports

If approved by NFL owners, the transaction would set a record for the most expensive sale in league history.
|
Open Image Modal
Washington Commanders owner Dan Snyder (right) talks to Cowboys owner Jerry Jones (left) at AT&T Stadium on Oct. 2, 2022, in Arlington, Texas.
John McDonnell/The Washington Post via Getty Images

Dan Snyder , the embattled owner of the Washington Commanders, has reached a deal to sell the NFL franchise for a figure approaching $6 billion, according to NBC Washington  and CBS Sports .

Philadelphia 76ers co-owner Josh Harris orchestrated the winning bid, which, if approved by NFL owners, would set a record for the most expensive in league history.

A $6 billion deal would eclipse the previous record of $4.65 billion, set last year with the sale of the Denver Broncos to the Walton-Penner group. Harris was also among the bidders for that team.

New ownership will have no shortage of tasks to oversee, with a controversial stadium proposal  potentially back on the table, a long streak of losing records, and fan attendance that ranked last in the league in 2022.

The Commanders found themselves at the center of numerous controversies in recent years, resulting in other NFL owners publicly urging Snyder to sell the team.

A 2021 investigation into allegations of sexual harassment and verbal abuse at the team resulted in a $10 million fine  levied by the NFL, and forced Snyder to relinquish day-to-day oversight to his wife, Tanya.

Snyder bought the team for $750 million in 1999, when it was called the Redskins, and for years he refused to change its derogatory and racist name. The pressure mounted, however, amid various investigations  into the team, culminating in a name change in 2020.

Numerous former female employees of the team described a toxic workplace culture under Snyder, including a former staffer who said the team owner once tried to “aggressively” push her into his limo.

“The only reason Dan Snyder removed his hand from my back and stopped pushing me towards his limo was because his attorney intervened and said, ‘Dan, Dan, this is a bad idea … a very bad idea,’” Tiffani Johnston, who worked for the team for eight years as a cheerleader and marketing manager, told a congressional roundtable in 2022.

“There was no one to go to about Dan Snyder’s advance, no path to report the incident … so I learned to move on.”

Your Support Has Never Been More Critical

Other news outlets have retreated behind paywalls. At HuffPost, we believe journalism should be free for everyone.

Would you help us provide essential information to our readers during this critical time? We can't do it without you.

Support HuffPost