Dan Snyder - what lead him to finally sell

SS this is well documented by news outlets everywhere. Corporate sponsors became disgusted with his behavior and realized doing business with him was bad for them, his revenue declined. As attendance declined as a result of consistent mediocrity thanks in part to his meddling in personnel decisions, revenue declined further. As revenue declined he struggled to meet financial commitments. He excluded Fred Smith and Dwight Schar, his minority partners, from having a say by refusing to hold board meetings. They eventually decided he was so toxic to their revenue stream that it was in their interests to sell their stake. When they did, Snyder got a waiver from the NFL, allowing him to take out more debt on the Commanders than any NFL team ever had, so he could buy them out. At that point he was $1.1B in debt, with declining attendance, declining sponsorship revenue. Other owners hated him and he was being investigated by Mary Jo White, but it was the inability to make enough money to make the payments on the $1.1B debt that forced him to sell.

Let this be an example of how capitalism can deliver a business owner the comeuppance he sometimes deserves. The corporate sponsorships and every fan who decided it wasn’t worth it to buy tickets and go to games had a hand in ushering Snyder out.

^ There you go. Every reason he left wrapped up nicely in one post. Thread can be closed now lol. Snyder’s farewell statement boasting of how diverse the org is now etc was so annoying. Dude is delusional.

also, the threat the other owners would force him out, could have meant the NFL buying the team for 4.8billion, and then reselling it at 6billion, which could have been a good incentive not to ---- around and find out.

SS this is well documented by news outlets everywhere. Corporate sponsors became disgusted with his behavior and realized doing business with him was bad for them, his revenue declined. As attendance declined as a result of consistent mediocrity thanks in part to his meddling in personnel decisions, revenue declined further. As revenue declined he struggled to meet financial commitments. He excluded Fred Smith and Dwight Schar, his minority partners, from having a say by refusing to hold board meetings. They eventually decided he was so toxic to their revenue stream that it was in their interests to sell their stake. When they did, Snyder got a waiver from the NFL, allowing him to take out more debt on the Commanders than any NFL team ever had, so he could buy them out. At that point he was $1.1B in debt, with declining attendance, declining sponsorship revenue. Other owners hated him and he was being investigated by Mary Jo White, but it was the inability to make enough money to make the payments on the $1.1B debt that forced him to sell.

Let this be an example of how capitalism can deliver a business owner the comeuppance he sometimes deserves. The corporate sponsorships and every fan who decided it wasn’t worth it to buy tickets and go to games had a hand in ushering Snyder out.



This.............

The great think about capitalism is that folks can NOT buy or support the companies/team/people and they will soon EITHER change the way they conduct business or Lose a lot of money .. The Washington fans quit supporting this Snyder owned team long ago and What blows my mind is that even with an eroded fan base this team even without a established indendity was sold for 6.5 Billion… the Big question is why is a team with a twenty year losing record .. scandal after scandal … the original NAME deemed Rascist thus two name changes and counting IF this team is worth 6.5 billion then what are the Cowboys , Patriots, Chiefs, Giants, Bears worth ???
I can’t believe first Snyder sold and the amount he got … The ONLY factor I can think is the location ( Washington DC) .. Nations Capital .. it certainly was NOT the product on the field and any legacy that once was …

The fan base is so passionate about football here, this is from the great redskins legacy created by Joe Gibbs during our glory days. Even when the nats, caps, or wiz do well…it is NOTHING to the buzz the football team creates even with a hint of success. Listen to the radio shows and football dominates. This is a sleeping giant, if the redskins could ever be as good as the chiefs,…it would absolutely transform the energy in our region…completely

Schneed nailed it. It may be that the last hammer blow to that last coffin nail was Dan starting to investigate other owners and threatening to bring them down. They circled the wagons and made it clear that he was a dead man walking. 31 billionaires can unleash forces that would crush a man in ways we mortals couldn’t imagine.


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Good riddance to the Snyder family. Don't let the door hit you on the way out Danny!


Fuck that. Let the door hit him hard enough to break. Him.


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I agree that the financials made it inevitable, but I suspect as Nonniey put it, the other owners put the writing on the wall for him and said "sooner or later you're going to have to sell, sooner is better for everyone"; that forced the issue and quick change of stance.

Not just inevitable, immediate. What happens when you can’t make your car payment? It gets repo’d.

Who was the investment bank helping Snyder with this transaction? Bank of America, the very same bank he owed the $1.1B to.

Seriously y’all just go read everything Don Van Natta has written about Snyder over at ESPN. Amazingly thorough and complete journalism. He connects every dot.

I'm done spending any more time on Snyder. That bitch is gone. Don't give a fuck why, it's done. Go to England and never come back.

I'm done spending any more time on Snyder. That bitch is gone. Don't give a fuck why, it's done. Go to England and never come back.

This.. I'm just done w/ that guy. He is dead to the fanbase.