Commanders Investigations Reveal A lot more Economic Issues
Washington Commanders owner Dan Snyder is inching toward a planet-record payday from the sale of a sports franchise.
But the procedure has been shrouded in mystery due to confidentiality agreements amongst the severe contenders, which include things like 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 procedure that is understandably even far 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 far more monetary issues than have been reported to date.
Whilst controlling owners can tap group revenues, sources told FOS Snyder is believed to be one particular of the handful of owners — perhaps the only one particular — in the league to spend himself a salary. Snyder’s was $ten million prior to 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 known as a “substantial” raise. Whilst that is not against league guidelines, White is searching into regardless of whether any loans — which includes the $450 million the NFL authorized in 2021 that permitted Snyder to acquire out 3 co-owners — had been utilised improperly.
A Commanders’ spokesperson known as “the characterization of the White investigation one hundred% false.” The NFL declined to comment on this story.
Study far more of A.J. Perez’s report.