Daniel Snyder is buying out the 40.5 percent stake in the franchise collectively held by the minority owners, according to Go Long’s Tyler Dunne.
To help facilitate the move, Snyder reportedly requested a $450 million debt waiver from the NFL’s finance committee, which was approved.
The New York Times has more info:
“The arrangement effectively resolves two pressing issues: a protracted boardroom fight over ownership that spilled out into the open and an investigation by the N.F.L. into allegations that women who worked for the team were sexually harassed by staff members, a number of whom have already been dismissed.
The league owners next week are expected to approve a special waiver that would allow the owner, Daniel Snyder, to take on an additional $450 million in debt in order to buy out minority partners he has been battling, according to a copy of the resolution reviewed by The New York Times. The N.F.L.’s finance committee last week unanimously recommended that the full cohort of owners waive the limit of debt a buyer can take on to buy into a team. Snyder will have to repay the money by March 2028.”
Pro Football Talk added that Snyder’s purchase of the minority interests in his team does not end his defamation lawsuit pending in India.
Click on ‘Follow Us’ and get notified of the most viral NFL stories via Google! Follow Us
Commissioner Roger Goodell is expected to address the findings collected by Beth Wilkinson, a Washington-based lawyer whom Snyder hired last summer to investigate after several Washington Post articles reported widespread sexual harassment of women who worked for the team over a 15-year span.
