Washington Commanders owner Dan Snyder hires Bank of America Securities to consider ‘potential trades’


Washington Commanders owner Dan Snyder, along with his wife, Tanya, and team have engaged Bank of America Securities to consider “potential trades,” they announced Wednesday.

“The Snyders remain committed to the team, all of its employees and its countless fans to bring the best product to the field and continue the work to set the gold standard for workplaces in the NFL,” reads a communicated.

The move comes after widespread calls for Snyder to step down from the team following multiple allegations and investigations regarding workplace culture, sexual misconduct and financial impropriety.

An ESPN investigation published in October details allegations about Snyder’s operation as owner, including the culture created within the team, which was described in the article as toxic.

“I think there’s merit in taking him out as an owner,” Indianapolis Colts owner Jim Irsay said days after that report, according to ESPN.

In a statement, commanders called Irsay’s comments “unfortunate” because they came “while an investigation is ongoing and the team has not had an opportunity to respond to the allegations.”

“Commanders have accomplished a remarkable process over the past two years,” the statement continued. “We are confident that when given the opportunity to see the actual evidence in this case, Mr. Irsay will conclude that there is no reason for the Snyders to consider selling the franchise. And they will not. not.”

Last year, the NFL fined the Washington football team $10million after an investigation found it was creating a ‘very unprofessional’ workplace, especially for women . Snyder’s wife, Tanya, took on a larger role in the running of the team as these investigations progressed.

Dan Snyder of the Washington Commanders poses for photos during an event to unveil the NFL football team’s new identity, Feb. 2, 2022, in Landover, Maryland.

Patrick Semansky/AP, FILE

In response to claims of workplace toxicity, the team said: “…she [Tonya Snyder] and Dan will continue to work to improve all aspects of the team – front office and on the pitch.”

The NFL is investigating Snyder again, this time for allegations of sexual harassment. The commanders’ legal adviser, John Brownlee, told The Associated Press that “these allegations are not true.”

A 2020 Washington Post report details allegations of abuse of women on the cheerleading squad. This team was replaced last year by a mixed dance team.

Additionally, the U.S. House Committee on Oversight and Reform is investigating Washington commanders for workplace misconduct. Snyder testified behind closed doors in July.

Commanders fans, meanwhile, haven’t been quiet about their desire for the Snyders to “sell the team,” as they chanted during a recent game.

ABC News

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