Dan Snyder, owner of Washington Commanders, hires Bank of America to explore the sale of the franchise



Washington leaders Announced the owners On Wednesday, they hired Bank of America in a major step toward a potential sale of the troubled NFL series.

“Dan, Tanya Snyder, and Washington leaders announced today that they have hired Bank of America Securities to consider potential transactions,” the team said in a statement.

“Snyders remains committed to the team and all of its employees and countless fans to putting the best product on the field and continuing to work to set the gold standard for workplaces in the NFL.”

In recent years, the team has been the target of multiple investigations into workplace culture, which have led to calls for Snyder and his wife to sell.

Snyder bought the franchise he was so proud of prior to the 1999 season, taking over the club that won three Super Bowl titles.

Only six other franchises from the NFL She’s won more recent titles than Washington. But Snyder’s tenure was marked by poor results and numerous off-court scandals.

The team did not make it to a conference title match during Snyder’s tenure, and is now grappling with five losing seasons.

Leaders fans “would raise a parade if they sold the team,” previous tweets Washington quarterback Robert Griffin III, one of the most famous players at Snyder’s estate.

Retired Dominic Foxworth, the former president of the NFL Players Association, has urged the NFL to find a black-led business group to buy the team.

Foxworth, a Maryland native, said the team struggled for years to win over black fans in a highly diverse market. Washington DC Almost half blackAnd the Washington was the last NFL team to merge.

“Generations of DC’s fans grew up Cowboys fans because it took until 1962 to be the first black player in Washington,” Foxworth Books.

For years, defiant Snyder has resisted calls to rename his clubwhich slandered Native Americans as a nickname and amulet.

The team finally bowed For public pressure in 2020 And the It renamed itself the Leaders last year.

Off the field, several former employees have accused the club of promoting a toxic and misogynistic workplace.

The allegations led to Congressional Hearingsthat shine Unpleasant light on the club this year.

a A congressional report accused Snyder of commissioning A “shadow investigation” with employees who spoke out against the team’s “toxic workplace” to influence the NFL’s review of sexual harassment allegations.

Two weeks ago, Indianapolis Colts CEO Jim Irsay became the first NFL owner to publicly advocate that Snyder be forced out of the league. There is a “feature to remove” Snyder as the owner of the leaders, Ersay said.

Snyder and the team They fired back at Ersaysaying “there is no reason for Snyders to consider selling the franchise.”

The Leaders have won four of their first eight competitions this season, a slight over-performance for a team that some had predicted To win only seven or eight From 17 games this season.

January Bojwani And the Steve Koback Contributed.

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