“He wants to be paid if he sells,” one of the people said, adding that the owners view the request as “ridiculous” and “absurd” and believe Snyder should grant indemnify the other owners for any legal claims that may arise from the group’s own activities.
Owners “certainly” will move to vote to remove Snyder from ownership of his team if he does not sell the franchise, the person said. Such a vote requires the support of at least three quarters of the owners. A source who confirmed Snyder’s demands added that the dispute “could get messy.”
The commanders declined to comment Monday evening.
Tilman Fertitta is involved in the search for commanders
Snyder is also asking the NFL to keep confidential the results of an investigation by attorney Mary Jo White, one of the people familiar with the matter. The NFL said the results of White’s investigation will be made public. It’s the league’s second investigation into Snyder’s workplace.
The NFL declined to comment.
According to one of the people familiar with the matter, Dallas Cowboys owner Jerry Jones is trying to negotiate a peace deal in which Snyder will sell the Commanders and leave the NFL without any problems. Jones has long been considered Snyder’s best friend among his co-owners. The Cowboys did not respond to Jones’ request for comment.
The escalation of tensions between Snyder and the league and other owners comes as Snyder entertains offers for his team. Potential buyers include Josh Harris, owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils; Tilman Fertitta, owner of the NBA’s Houston Rockets; and Amazon founder Jeff Bezos, who owns The Washington Post.
Harris visited the commanders’ training facility in Ashburn, two people familiar with the matter said this month. Fertitta has made an offer for the team that is believed to be in excess of $5.5 billion and is believed to have visited the training ground, two people with knowledge of the matter said Saturday. Bezos has hired a New York investment firm, Allen & Company, to evaluate a potential offer, two people familiar with the discussions said last week.
Snyder has been “closing in” on Bezos in the sale process up until this point, a person familiar with the matter said, confirming reports from the New York Post and players. Snyder has “rejected any attempts” by Bezos to continue buying the group, according to the person, who said Snyder is working “out of thin air” because of Bezos’ ownership of The Post. It was not clear whether Snyder’s plan represented a final decision or was sent as part of a negotiating strategy.
The Commanders said in November that Snyder and his wife Tanya, the team’s chief executive, had hired Bank of America Securities to “consider a potential transaction” for the franchise. The group did not say whether Snyders was seeking to sell part or all of the revenue, which Forbes estimated at $5.6 billion. The Denver Broncos were sold last year for $4.65 billion, a record price for an NFL club.
Jeff Bezos hired an investment firm to consider bids on the commanders
NFL commissioner Roger Goodell is furious with Daniel Snyder’s demand for pay, according to one of the people with knowledge of the matter. The team and owners are prepared to fight Snyder legally if necessary, the person said, but would prefer Jones to convince Snyder to accept the record price for his team and leave the league without a court battle. The owners believed any vote to remove Snyder would survive a legal challenge, according to the person.
“It seems to be getting worse. … If you want to sue, fine,” said the man. “If you want to fight, we will fight. … [But] hopefully in the future, just by talking to him, he will realize this is not the way to go.”
Asked what Snyder and his attorneys were seeking to charge him with, the man said, “Basically anything.”
A third person with knowledge of the owners’ views said Snyder’s request was negative but not surprising. Snyder “has a better chance” of keeping White’s investigation in the public eye than getting the owners to agree to impeach him, the person said, adding that it will not be allowed to happen.
In March 2021, NFL owners agreed to a waiver that allowed Snyder to borrow $450 million above the league’s debt ceiling so he could resolve a dispute with his three partners by purchasing a 40 percent common stock. Given that the lodge — which at least one owner now regrets, according to a person with knowledge of the matter — the owners likely won’t abide by the terms Snyder is currently seeking to sell the franchise. and the right to use copyright.
The owners recently settled their internal dispute over a separate compensation issue. They voted unanimously in October to approve a proposal on how to split the NFL’s $790 million debt payment with the St. Louis in 2021 to settle the city’s lawsuit over the Rams’ move to Los Angeles in 2016. Rams owner Stan Kroenke apparently agreed. pay for settlement and legal fees, in addition to about $7.5 million for each union that the union has barred from 31 other companies to contribute to the total.
The owner removal vote will never happen again. Jerry Richardson sold the Carolina Panthers to David Tepper in 2018 following an NFL investigation into allegations of workplace misconduct. That investigation, also conducted by White, concluded that there was no information to discredit Richardson. The NFL fined Richardson $2.75 million.
Indianapolis Colts owner Jim Irsay said in October that he and other owners should give serious consideration to a vote to remove Snyder from ownership, which would require the approval of at least three-quarters of the owners. Several owners told The Post in September that they believed serious consideration would be given to trying to oust Snyder, either by convincing him to sell or by voting for remove it.
White’s investigation was launched in February 2022 after Tiffani Johnston, a former cheerleader and the team’s marketing manager, said at a council meeting that Snyder harassed her at a team lunch, placing his hand on her thigh and push her towards the limo. Snyder has denied the allegations, calling the allegations against him directly “false.”
The Post reported in 2020 that the group paid a former employee $1.6 million as part of a 2009 settlement after the woman accused Snyder of sexual misconduct. Snyder denied the woman’s allegations against her, and an investigation by the group accused her of fabricating her confession as part of an extortion attempt. However, in the end, Snyder and the team agreed to pay her a seven-figure sum as part of a settlement in which she agreed not to press charges or reveal the allegations against her.
Following an earlier investigation by attorney Beth Wilkinson into the team’s workplace, the NFL announced in July 2021 that the team had been fined $10 million and that Tanya Snyder would be responsible for the day-to-day operations of the franchise. and franchising over time.
Federal authorities are also investigating Daniel Snyder’s team in the Eastern District of Virginia. The federal investigation involves multiple agencies and is focused on allegations of corruption surrounding the organization, according to people familiar with the situation.
From the beginning, the allegations of financial irregularities were made as part of the investigation of the Democratic Party in the workplace by the House Committee on Oversight and Reforms. The commanders denied any financial wrongdoing.
The committee’s Democratic leaders wrote in a 20-page letter in April that Snyder’s commanders “may have engaged in violent, protracted, and potentially illegal activity” that allegedly handled nearly $1 million. 5 in return. saving money from season ticket holders and hiding money that should be shared among NFL owners. The team denied any financial corruption at any time and described the decision of the committee as political.
The office of Karl A. Racine (D), then D.C. attorney general, filed a consumer protection lawsuit in November against the commissioners, Snyder, the NFL and Goodell, accusing them of conspiring to mislead and mislead consumers about a research of the organization’s workplace to maintain a fan base in search of revenue. The league and the NFL have denied the allegations, and the league’s attorneys said the lawsuit “repeats numerous abuses, half-truths and lies.”
Racine’s office filed a second lawsuit that month against the commanders over deposits the team allegedly did not return to season ticket holders from Washington. The commanders said a review by an outside law firm “found no evidence that the team intentionally withheld security payments that should have been returned to customers or that the team returned any unsecured deposits.” to be done without going to the revenue.” Brian L. Schwalb (D) has since won Racine as attorney general.
Then Maryland Attorney General Brian E. Frosh (D) announced in November that his office’s consumer protection division had reached a settlement with the commanders over allegations that the union denied security deposits to ticket holders. The team paid a $250,000 fine under a settlement that did not admit the allegations. The agreement requires commanders to return any security deposits that have not been returned to consumers.
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