The Washington Commanders are up for sale as Dan Snyder decided that he was going to put the entire franchise up for sale. The move comes after shocking allegations against Snyder.
Advertisement
Dan Snyder and Tanya Snyder have owned the Commanders since 1999. They have had a great run of 23 years of ownership, but recently, things turned ugly for them.
The Washington Post released a report in 2020 citing that under Snyder’s ownership, the Commanders had created a workspace that included a culture of se*ual harassment and misconduct within the organization.
Advertisement
They also detailed another report which put a spotlight on the notable negative experiences that several females endured while working under Snyder.
The NFL launched an investigation, and they handed down a massive penalty which included fining the team $10 million and having Dan Snyder removed from day-to-day operations for a year.
Now, the team is up for sale.
Advertisement
How Much Will Dan Snyder Sell The Commanders For?
With the Commanders up for sale, it begs the question of how much they will go for. NFL franchises are expensive. They cost billions of dollars, and you need to be ready to give up a lot to buy one.
Recently, the Denver Broncos were sold for a whopping $4.65 billion to Walmart heir Rob Walton. Currently, that stands as the most expensive sale for a franchise in NFL history.
However, with the Commanders’ current state, there are chances that the number only increases. Apparently, the asking price for the franchise will be nearly $7 billion.
There are also reports that a partnership between Jay-Z and Jeff Bezos could be in the works to purchase the franchise. However, Dan Snyder would reject such a deal. Bezos purchased the Washington Post in 2013 for $250 million, giving rise to tension between the two sides.
Advertisement