Report: Dan Snyder Has Hired Bank Of America To Handle Selling Washington Commanders
Forbes reports that Washington owner Dan Snyder has retained the services of Bank of America in order to handle the selling of the Washington Commanders. Snyder is allegedly being investigated by D.C. Attorney General Karl Racine in regards to accusations of sexual harassment. Officials reportedly told the publication that the Attorney General’s office intends to charge ahead once the investigation has officially concluded.
Leading NFL Senior reporter Albert Breer posted a statement issued from the Commanders, confirming the reports of Snyder hiring Bank of America.
“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.”
Forbes recently valued the Commanders at $5.6 billion in August. The Denver Broncos sold for a record $4.65 billion. ESPN alleged in an article posted that Snyder told his associates he had “dirt” on other NFL owners after hiring private investigators, among other things. Both Snyder and his attorney have openly denied the allegations. Snyder emphasized in his written statement that he has never had NFL Commissioner Roger Goodell investigated, either.
“That is patently false and intended to erode the trust and goodwill between owners that I take quite seriously,” Snyder said. “While we all are fierce competitors on the field, we are a part of this organization because we love football, our teams and our fans. Having the privilege to own a franchise in America’s sport is something I know none of us take for granted. Falsehoods and lies being spread about any of our organizations hurts our League, our players and our fans, and we simply cannot let them go unchallenged.”
For LOJ’s continuing coverage of the Snyder allegations, Click Here.
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