Skip to main content

New on SI: Report: Daniel Snyder Gains Complete Control of Washington Football Team

NFL owners reportedly unanimously approved of Daniel Snyder's move to buy out the team's minority owners.

Daniel Snyder has reportedly bought out the minority owners of the

Washington Football Team after the move was unanimously approved by NFL owners, according to ESPN and The Washington Post. This comes one week after it was reported that Snyder was planning on making the move. 

Snyder reportedly bought the remaining 40.5% of the team from minority investors Fred Smith, Dwight Schar and Robert Rothman. The $875 million sale and $450 million waiver were both approved by the NFL. 

Snyder needs to repay the debt by 2028, according to ESPN. 

In November The Washington Post reported that a group of investors offered minority owners $900 million to sell their shares but Snyder blocked the move. 

It's been a turbulent year for the The Washington Football Team and Snyder. The team is going through a rebrand after removing its previous name and this summer The Washington Post released an investigation that detailed numerous sexual harassment claims centered around team executives.

The NFL has since started to oversee a third-party investigation that was initially launched by the Football Team after the Post's revelations. 

With this reported move, Snyder and his family gain complete control of the team that he bought from Jack Kent Cooke's estate in 1999. The franchise holds a 149-202-1 record since then.

Labels:

Popular posts from this blog

New on SI: NFL Kickers Have Historically Bad Week With Record-Tying 12 Missed PATs

It's been a historically bad week for NFL kickers, with 12 missed PATs through the conclusion of Sunday's evening games. View the original article to see embedded media. Kickers in many ways have a thankless job. Make a kick, and often times nobody really cares. Miss one? Well, people won't stop bringing it up. The 2021 season has already established a new high-water mark in kicking with Ravens kicker Justin Tucker's NFL record-setting 66-yard field goal to beat the Lions in Week 3. Two weeks later, though, we might have established a new low point. Prior to kickoff on Sunday Night Football  between the Bills and Chiefs, kickers had missed a whopping 12 extra points in Week 5. That ties the league's Super Bowl era record set in Week 11 during the 2016 season, the year after the NFL moved PAT's back to the 15-yard line. Rams kicker Matt Gay got the train rolling on Thursday when he missed his first PAT attempt of the game in the third quarter. That set a ...
Read more

New on SI: Tom Brady 'Should Be Fine' for Thursday's Game vs. Eagles After Sustaining Thumb Injury

Buccaneers quarterback Tom Brady said he sustained a thumb injury in the second quarter of Tampa Bay's 45-17 win against the Dolphins on Sunday. View the original article to see embedded media. Tom Brady arrived at Tuesday's press conference with his throwing hand wrapped but the Buccaneers quarterback said he doesn't "anticipate having a problem" ahead of Thursday night's game against the Eagles. Brady confirmed that he sustained the injury to his thumb in the second quarter of the Bucs' 45-17 win against the Dolphins on Sunday. The NFL's all-time passing yards leader went on to throw for more than 400 yards and five touchdowns in the same game for the first time in his career.  Despite the bulky appearance of the wrap, Brady said that the issue is "more discomfort" that should be gone in the next few days rather than a serious injury.  "It should be fine for Thursday," Brady said Tuesday . "... You deal with differen...
Read more

New on SI: Brett Favre on Aaron Rodgers' Future in Green Bay: 'I Think That Aaron Will Finish Somewhere Else'

Former Packers great Brett Favre said Aaron Rodgers was surprised by Green Bay's decision to draft Jordan Love. Former Packers legend Brett Favre believes that star quarterback Aaron Rodgers won't finish his career in Green Bay. "I think he will play somewhere else," the three-time MVP said Wednesday on the Rich Eisen Show. Favre said he was "very surprised" about the Packers' decision to select Utah State QB Jordan Love No. 26 overall in the 2020 NFL draft last Thursday, noting that the team's decision not to draft "any weapons that can help immediately" sends a "disrespect message" to the team's current quarterback. "He has every right to feel disrespected, if he is," Favre said of Rodgers. The former Packers great said he had talked recently with Rodgers.  "Let's just say [Rodgers is] surprised that they went in that direction," Favre explained. "It's not his job to mentor Jordan Lo...
Read more