Forbes: “Dan Snyder Hires Bank of America to Sell Washington Commanders”

by MCS Staff

Forbes released an exclusive article on Wednesday morning titled “Dan Snyder Hires Bank of America to Sell Washington Commanders”. According to the article, “Snyder already has at least four phone calls from groups interested in buying the team.” Before too much excitement sets in for Commanders fans, the article states that Snyder and his bankers are currently exploring all options and a transaction could be for the entire team or for a minority stake in the team.

The Commanders have released the following statement, titled “Washington Commanders Hire Bank of America Securities to Consider Potential Transactions”. Dan and Tanya Snyder and the Washington Commanders announced today that they have hired BofA Securities to consider potential transactions. The Snyders remain committed to the team, all of its employees and its countless fans to putting the best product on the field and continuing the work to set the gold standard for workplaces in the NFL.” Bank of America was in charge of the transaction that saw Steve Ballmer purchase the NBA’s Los Angeles Clippers in 2014.

Notable NFL reporter Adam Schefter tweeted the Commanders statement along with “Commanders announced that Tanya and Dan Snyder have hired Bank of America Securities to explore the sale their franchise.”, which makes it seem as though the Snyders are pursuing the sale of the entire franchise rather than just a minority stake. Ben Standig of The Athletic tweeted that he asked for further clarification on the Snyders plan and was told by a Commanders spokesperson that “We are exploring all options.”

Two weeks ago Indianapolis Colts owner Jim Irsay was the first NFL owner to publicly make a statement against Washington Commanders owner Dan Snyder. “I believe there is merit to removing him as owner.” he said, according NFL reporter Ian Rappaport. In response to a report that Dan Snyder “has dirt” on other NFL owners, Commanders reporter Matthew Paras tweeted that Irsay said he could “care less” if Dan Snyder has “dirt” on other owners. “You could investigate me ’til the cows come home. That’s not going to back me off.”



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