The Washington Commanders have released a statement, reading in part, “Dan and Tanya Snyder and the Washington Commanders announced today that they have hired BofA Securities to consider potential transactions.”
The statement continues, “The Snyders remain committed to the team, all of its employees and its countless fans to putting the best product on the field and continuing the work to set the gold standard for workplaces in the NFL.”
It’s unclear whether the Snyders are exploring selling their stake in the franchise or are seeking to sell a minority share.
But a team spokesperson told ESPN that all options are being considered. Dan first purchased the franchise for $800M in 1999, and it’s now worth $5.6B.
Dan is currently under investigation by both Congress and the NFL into accusations that he created a hostile work environment and the possibility of sexual misconduct. Many think it’s past time for him to be removed as owner of the Commanders.