• Mon. Mar 20th, 2023

Commanders Investigations Reveal Added Financial Challenges


Mar 18, 2023

Washington Commanders owner Dan Snyder is inching toward a globe-record payday from the sale of a sports franchise.

But the strategy has been shrouded in mystery due to confidentiality agreements amongst the extreme contenders, which incorporate Amazon founder Jeff Bezos, Philadelphia 76ers and New Jersey Devils owner Josh Harris, and Houston Rockets owner Tilman Fertitta. 

And there’s been a additional strategy that is understandably even considerably far more opaque: the league’s second outdoors investigation, led by former SEC chief Mary Jo White. 

Sources told Front Workplace Sports that White had uncovered considerably far more financial concerns than have been reported to date.

While controlling owners can tap group revenues, sources told FOS Snyder is believed to be 1 of the handful of owners — possibly the only 1 — in the league to devote himself a salary. Snyder’s was $ten million prior to the begin out of the pandemic, which prompted him to forgo his salary. 

Final year, Snyder’s old salary was back along with what 1 provide referred to as a “substantial” raise. While that is not against league suggestions, White is looking into no matter if any loans — which incorporates the $450 million the NFL authorized in 2021 that permitted Snyder to obtain out three co-owners — have been produced use of improperly.

A Commanders’ spokesperson referred to as “the characterization of the White investigation 1 hundred% false.” The NFL declined to comment on this story.

Study considerably far more of A.J. Perez’s report.