Dan Snyder reaches $6B deal to sell the Washington Commanders
The GIST: At long last, the Dan Snyder era has (nearly) come to an end. The embattled Washington Commanders owner reportedly agreed yesterday to finally sell the keys to his dysfunctional kingdom for a record-setting $6.05B. We’ve been waiting for this one…turn it up!
The background: From defending the team’s former racist name to instructing the team’s video department to film cheerleaders while they changed to paying out a $1.6M settlement to a former employee who accused him of sexual misconduct, there’s no shortage of reasons Snyder was considered by many to be “the worst owner in sports.”
- What’s more, he was also accused of years of financial impropriety and overseeing a toxic workplace culture, among other problems during his tumultuous tenure. No wonder folks are rejoicing.
The sale: The incoming ownership group is led by billionaire Josh Harris, who co-owns the NBA’s Philadelphia 76ers and NHL’s New Jersey Devils, and also includes former NBA star Magic Johnson.
- But they haven't inked it just yet — while it’s expected to go through, the deal still needs to be approved by the rest of the league owners, likely at a meeting in May. Don’t play with us, please.
What’s next: His reign of terror might soon be over, but the investigations into his misdealings are still underway. Snyder’s facing an NFL investigation into the aforementioned alleged workplace misconduct as well as a federal investigation regarding his financial misdeeds. Here’s to change and accountability.