Washington Commanders owner Dan Snyder is inching toward a globe-record payday from the sale of a sports franchise.
But the method has been shrouded in mystery due to confidentiality agreements in between the really serious 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 one more method that is understandably even extra opaque: the league’s second outdoors investigation, led by former SEC chief Mary Jo White.
Sources told Front Workplace Sports that White had uncovered extra monetary issues than have been reported to date.
When controlling owners can tap group revenues, sources told FOS Snyder is believed to be one particular of the couple of owners — possibly the only one particular — in the league to spend himself a salary. Snyder’s was $ten million ahead of the commence 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. When that is not against league guidelines, White is hunting into irrespective of whether any loans — which includes the $450 million the NFL authorized in 2021 that permitted Snyder to acquire out 3 co-owners — have been applied improperly.
A Commanders’ spokesperson known as “the characterization of the White investigation one hundred% false.” The NFL declined to comment on this story.
Study extra of A.J. Perez’s report.
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