Dan and Tanya Snyder, owners of the NFL’s Washington Commanders, announced Wednesday they have retained BofA Securities, a division of Charlotte, North Carolina’s Bank of America Corp. (NYSE: BAC), to consider “potential transactions” involving the team.
It was not clear in the statement if the Snyders are pursuing an all-out sale or just a stake in the franchise, which Dan Snyder purchased in 1999 for $800 million. Today, Forbes values the franchise at $5.6 billion, making it the sixth-most valuable team in the league.
“The Snyders remain committed to the team, all of its employees and its countless fans for putting the best product on the field and continuing to work to set the gold standard for workplaces in the NFL,” the team said in a statement.
We’ve reached out to the team for further comment and will update this space if we hear back.
Dan Snyder and the franchise have been the subject of investigations into their workplace culture and business practices, as well…
Read the full story from the Washington Business Journal.
