 The reference to the 'gold standard for workplaces in the NFL' is interesting given the team is being investigated by Congress over sexual harassment and hostile workplace accusations. Snyder has been accused of sexual misconduct himself in the past. In 2020, reports e){kind=link}
Dan Snyder has hired Bank of America to deal with the potential sale of the Washington Commanders, a franchise which has battled numerous allegations in recent years
Controversial NFL owner Dan Snyder is considering selling the storied Washington Commanders franchise after the team announced he retained Bank of America to explore a potential sale.
On Wednesday, the Commanders announced the move by Snyder following years of controversy, although it is unclear if he would sell the entire team or just add a minority partner to the mix. The franchise has been tarnished by accusations of sexual harassment, while it was forced to change its name back in 2020.
Snyder has owned the Washington franchise since 1999 and the 57-year-old already has four interested buyers, according to Forbes. He bought the franchise from Jack Kent Cooke’s estate and has endured a reign littered with accusations of a ‘toxic’ workplace culture, as well as the lack of success sustained by the team.
The Commanders franchise is reportedly valued at roughly $5.6 billion. Snyder bought the team for approximately $800 million 23 years ago.