NYT SPORT: Dan Snyder Agrees to Sell Washington Commanders for $6 Billion
By Ken Belson and Katherine Rosman
Section: Sports
Source: New York Times
With the end of Snyder’s tenure the N.F.L. begins to distance itself from a painful chapter in league history and right the future of the popular franchise, which under Snyder had been tarnished by accusations of a toxic workplace and unable to secure a new stadium.
The sale, first reported by Sportico, was confirmed by multiple people with knowledge of the agreement who were not authorized to speak publicly about the terms.
The agreement comes as the N.F.L. continues its second investigation into allegations of widespread sexual harassment made against executives at the team, including Snyder, as well as potential financial improprieties. Those allegations, coupled with Snyder’s inability to build a new stadium and a backlash from the team’s fans, had pushed many of the owners of the league’s other teams to consider voting to force him to sell the team, which he bought in 1999 for $800 million.
Published Date: April 13, 2023 at 03:00AM
By Ken Belson and Katherine Rosman
Section: Sports
Source: New York Times
The N.F.L. team is on track to be sold for a record figure to a group led by Josh Harris, as investigations into sexual harassment claims and the team’s finances continue.
Josh Harris, an owner of the Philadelphia 76ers and New Jersey Devils, agreed in principle to buy the Washington Commanders for a record $6 billion from Dan Snyder, the longtime owner of the team plagued by scandals that drew investigations from the N.F.L., Congress and other government agencies.With the end of Snyder’s tenure the N.F.L. begins to distance itself from a painful chapter in league history and right the future of the popular franchise, which under Snyder had been tarnished by accusations of a toxic workplace and unable to secure a new stadium.
The sale, first reported by Sportico, was confirmed by multiple people with knowledge of the agreement who were not authorized to speak publicly about the terms.
The agreement comes as the N.F.L. continues its second investigation into allegations of widespread sexual harassment made against executives at the team, including Snyder, as well as potential financial improprieties. Those allegations, coupled with Snyder’s inability to build a new stadium and a backlash from the team’s fans, had pushed many of the owners of the league’s other teams to consider voting to force him to sell the team, which he bought in 1999 for $800 million.
Published Date: April 13, 2023 at 03:00AM
Read More at: https://www.nytimes.com/2023/04/13/sports/football/washington-commanders-sale-dan-snyder.html
[FULL REACTION] Daniel Snyder agrees to sell the Washington Commanders for $6.05 billion | NFL Live
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