The NFL's Washington Commanders could be for sale soon after owners Dan and Tanya Snyder said they have hired Bank of America Securities to 'consider potential transactions.'
NFL teams don't go on sale often, but when they do, they often fetch a hefty price. The Chicago Bears, Seattle Seahawks and Los Angeles ChargersIt's not immediately clear how soon a possible Commanders sale could happen or if at all. Still, the Snyders' ownership in Washington has come under increased criticism afterand prompted a $10 million fine and additional reviews that are ongoing.
The NFL and Congress are currently investigating various organizational improprieties, including allegations of sexual harassment and potential financial improprieties. Indianapolis Colts owner Jim Irsay said at the most recent league meeting there was"merit" to removing Snyder, who has been accused of sexual harassment and of overseeing a workplace in which women were frequently harassed and demeaned.
Attorneys who represent some of the former employees that Snyder has been accused of harassing called the potential sale"a good development for the team." "We will have to see how this unfolds, but this could obviously be a big step towards healing and closure for the many brave women and men who came forward," lawyers Lisa Banks and Debra Katz said in aIt would take 24 of the other 31 owners to vote to remove Snyder, unless he voluntarily chose to sell the team that wasSnyder bought the team in 1999 for a then-record $800 million, and it has won just two playoff games since.
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