Dan Snyder - what lead him to finally sell

[Schneed10]

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.