Dan Snyder has recruited Bank of America Securities as the embattled owner of the Washington Commanders considers selling the
NFL franchise, Forbes reported Wednesday morning.
“Dan and Tanya Snyder, as well as the Washington Commanders, announced today that they have hired BofA Securities to consider
potential transactions,” the Commanders stated in reaction to Forbes’ claim.
“The Snyders remain committed to the team, all of its employees and the countless fans to putting the best product on the field and
continuing the work to set the gold standard for workplaces in the NFL.”
While the message does not mention a sale, a team representative told the NFL Network, “We are exploring all options.”
There have been numerous calls for the 57-year-old to sell the Commanders, including Colts owner Jim Irsay, who was the first owner
to publicly suggest Snyder sell the team last month at the NFL owners’ meetings in Manhattan.
“I believe there is merit in removing him as owner of the [Commanders],” Irsay remarked at the Conrad New York Downtown hotel. “I
believe we need to review it. We must carefully examine all of the evidence. But I believe that is something that should be seriously
considered.
Irsay also said he suspected the
Snyder has been at the center of debate for quite some time. An NFL audit revealed that the Commanders had a “unprofessional” and
“toxic” employment climate, resulting in a $10 million fine. Snyder also had to hand over the team’s keys to his wife Tanya. In
February, Congress held a hearing where charges of Snyder’s sexual misbehavior by a former team staffer were exposed. Snyder has
refuted the charges.
The NFL subsequently engaged Mary Jo White, the former chair of the United States Securities and Exchange Commission, to look
into the misbehavior accusations. However, the scope of the probe has expanded to encompass suspected financial irregularities.
