Last year Washington Commanders owner Dan Snyder announced that the team was up for sale after years of resistance to do so. The move finally came after Indianapolis Colts owner Jim Irsay stated that there was some merit in exploring having Snyder removed.
On July 20, NFL owners met in a special meeting and voted unanimously to allow a $6.5 Billion sale of the Commanders to Harris Blitzer Sports and Entertainment which includes Magic Johnson as one of its owners. The sale is the highest price paid for any sport’s team in North America.
Snyder bought the team – his favourite as a child – for $800 million in 1999.
Since buying the team, Snyder has seen some contentious moments both on and off the field of play. There was a time when the Commanders (then Redskins) filled the stands each year with fans. Tickets were so much in demand that family members passed on their season tickets in wills. But under Snyder’s rule, the Commanders have a record of 166-226-2 and have won only two playoff games.
Prior to Snyder’s ownership, Hall of Fame coach Joe Gibbs led the team to three Super Bowl championships.
Along with some lackluster play and what at times seemed like an endless search for a “star” quarterback; Dan Snyder has had his share of off field issue including an investigation into team operations and a sexual harassment allegations.
Among the issues that the new ownership will have to address is the Commander’s current home FedEx Field in Landover, Maryland. Built quicky and finished in 1997, the stadium has not aged well and is in need of being replaced.
Over the past two seasons, the Commanders have seen the lowest number of fans at the games. Putting the fans back is the seats is also a big priority.
As a part of the decision on the sexual harassment allegations brought against Snyder, he has been fined $60 million.
Speaking on the report issued after the independent investigations, NFL Commissioner Roger Goodell said that the conduct has no place in the NFL. He added, “we strive for workplaces that are safe, respectful and professional. What Ms. Johnston experienced is inappropriate and contrary to the NFL’s values.”
Snyder consistently denied any of the allegations or wrong doing. According to the report issued, Snyder would only speak with the investigators for one hour.
In relation to charges of mishandling finances, Snyder reportedly pressured employees to “improve its financial performance and every dollar matters.” Documents show that funds were moved into accounts to keep them away from other teams. Hidden funds were alleged upwards of $10 million.
NFL Approves Commanders Sale
Panthers at Redskins 10/14/18
