Daniel Snyder displaying no progress in Washington Commanders sale, consumers going through 'resistance' – Sportsnaut
Daniel Snyder made headlines in November when he employed Financial institution of America Securities to oversee the possibility of a Washington Commanders’ sale. Greater than a month later, it appears he’s no nearer to even taking one step towards promoting his franchise.
When the Commanders made their announcement on Nov. 5, the Snyder household introduced it employed BofA Securities to judge potential transactions involving Washington’s NFL franchise. The particular language left the door open to a wide selection of prospects.
Amongst them was the choice of promoting a minority stake within the Commanders, offering Snyder with the liquid capital to assist fund a brand new NFL stadium. Nonetheless, many across the league and dependable supporters of the group hoped the franchise can be bought outright with a brand new proprietor taking up sooner or later.
As detailed by Mike Florio of Pro Football Talk, the rumors round the potential of a Commanders sale have gone quiet. Even after the Home Oversight Committee launched its 79-page report suggesting Snyder allowed and took part within the group’s poisonous tradition, there aren’t any indicators he’s wherever near even critically entertaining provides for the group.
One supply near the state of affairs expressed a priority that there’ll finally not be a sale in any respect. As Florio wrote, there aren’t even the slightest indications of progress and events who expressed curiosity in shopping for the Commanders aren’t being met with any receptiveness to dialogue.
“The supply is conscious of no goal indication that the method is transferring ahead. Certainly, a number of events (per the supply) have encountered some ‘resistance’ of their effort to maneuver issues ahead.”
Professional Soccer Discuss’s Mike Florio on Daniel Snyder’s curiosity in transferring ahead with a Washington Commanders sale
It provides gasoline to what some within the NFL imagine was the actual objective of all the course of. There are some who assume Snyder used this as a charade targeted against billionaire Jeff Bezos, utilizing the guise of a possible sale to show that Bezos has at all times been motivated by a want to purchase the Commanders this whole time.
The assumption ties into earlier experiences from league insiders, suggesting that Snyder is adamant Bezos used the Washington Put up to damage his character. From the start, Snyder has mentioned he had no involvement within the Commanders’ poisonous tradition and that the sexual misconduct allegations in opposition to him had been pushed by exterior forces making an attempt to power him out of the NFL.
Whereas Snyder doesn’t have a lot assist from fellow NFL house owners, exterior of long-time friend Jerry Jones, there aren’t any indications that the league intends to take the unprecedented step of forcing him out of the NFL.
Because of this, barring a sudden want to promote his favourite group at a record-setting value subsequent yr, it appears as if the Commanders and their followers are caught with Snyder for years to return.