• Tue. Mar 28th, 2023

Commanders Investigations Reveal A lot more Economic Issues

ByEditor

Mar 18, 2023

Washington Commanders owner Dan Snyder is inching toward a planet-record payday from the sale of a sports franchise.

But the method has been shrouded in mystery due to confidentiality agreements involving the critical contenders, which contain Amazon founder Jeff Bezos, Philadelphia 76ers and New Jersey Devils owner Josh Harris, and Houston Rockets owner Tilman Fertitta. 

And there’s been a different method that is understandably even much more opaque: the league’s second outdoors investigation, led by former SEC chief Mary Jo White. 

Sources told Front Workplace Sports that White had uncovered much more monetary issues than have been reported to date.

Even though controlling owners can tap group revenues, sources told FOS Snyder is believed to be one particular of the couple of owners — perhaps the only one particular — in the league to spend himself a salary. Snyder’s was $ten million just before the begin of the pandemic, which prompted him to forgo his salary. 

Final year, Snyder’s old salary was back along with what one particular supply named a “substantial” raise. Even though that is not against league guidelines, White is hunting into irrespective of whether any loans — such as the $450 million the NFL authorized in 2021 that permitted Snyder to obtain out 3 co-owners — have been employed improperly.

A Commanders’ spokesperson named “the characterization of the White investigation one hundred% false.” The NFL declined to comment on this story.

Study much more of A.J. Perez’s report.

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