Dan Snyder - what lead him to finally sell

[AnonEmouse]

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.

[Schneed10]

Originally Posted by AnonEmouse

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.