Minority owners want Daniel Snyder to sell Washington NFL team
The Washington Football Team has been through a wild offseason. There’s been a front office overhaul, a team name change and alarming allegations of sexual harassment. Amid growing unrest in the organization, prominent minority owners could now be trying to push Daniel Snyder out.
Snyder, who owns a controlling stake in the club, bought the team in 1999 for $750 million. Since taking over, the organization has been marred in multiple controversies both on and off the field.
Despite years of public criticism for the team’s former name, Snyder refused to change it. That changed this offseason when public pressure from PepsiCo, Nike and FedEx led to a formal review.
The club eventually announced it would change the team’s name. However, Snyder’s organization still found a way to bungle the situation and draw rampant criticism. A few days later, The Washington Post released a scathing report detailing the toxic culture within Snyder’s organization and years of sexual harassment by members of his staff.
Now, according to The Wall Street Journal, Washington’s minority owners are pressuring Snyder to sell the team amid a firefight within the ownership level over the numerous controversies.
Previously, minority stakeholders Frederick Smith and Dwight Schar were seeking to sell their stake in the club. The two men own a combined 40% stake in Washington’s NFL team and want to see Snyder pushed out.
The desire to see a new owner take over can be traced to multiple issues, tied to the team’s on-field struggles and off-field storylines. In 2018, The New York Times released a story from the team’s former cheerleaders detailing multiple incidents of sexual misconduct, harassment and intimidation.
In addition to the accusations and scandals, Snyder has rarely put a good product on the field for the fan base. Since he took over in 1999, the team has made the playoffs just five times and had just three seasons with double-digit wins.