Report: Daniel Snyder buying out minority owners’ stake in Washington Football Team
from Larry Brown Sports, with Steve DelVecchio, at YardBarker.com…www.yardbarker.com
There has been talk since last year that the minority owners of the Washington Football Team could force Daniel Snyder to sell the franchise, but the opposite is apparently happening.
Tyler Dunne of Go Long reported on Wednesday that Snyder is buying out the minority owners’ stake in the Washington Football Team, which is 40.5%. The deal has already been approved by the NFL finance committee.
It’s difficult to understand the motivation behind the move without knowing more details. Some are speculating that Snyder could be positioning himself to sell the Football Team as a whole, though there has been no indication he will do that.
The NFL has been investigating allegations of workplace misconduct involving Snyder’s team. A story that was published in The Washington Post back in July detailed sexual harassment allegations against five former employees of the then-Redskins. Snyder was not directly accused of anything, but some wondered if the scandal could result in him being forced to sell the franchise.
A separate report that came out months later revealed that Snyder paid $1.6 million to settle a sexual misconduct claim in 2009. The settlement did not include any admission of wrongdoing by Snyder or the team.
Snyder filed a lawsuit late last year accusing one minority owner of extortion.