Report: Minority partners are pressuring Daniel Snyder to sell Washington Football Team

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Dysfunction always finds a way.

At a time when the Washington Football Team is trying its damnedest to turn the page on troubled times, trouble lingers for the franchise. According to the Wall Street Journal, the team’s minority owners are “pressuring” owner Daniel Snyder to sell his majority stake in the team.

Per the report, Snyder has no intention to sell. The resulting impasse surely has contributed to recent suggestions by Snyder in court filings that one of the minority partners, Dwight Schar, has tried to discredit Snyder by encouraging current and/or former employees to make allegations about him.

PFT first reported last month that Schar and FedEx founder Fred Smith had been trying to sell their stakes in the team. Earlier that day, we suggested that the minority partners may want to see Snyder gone. According to the Wall Street Journal, multiple buyers have passed based on the inability to secure an option to eventually purchase a controlling interest in the team.

66 responses to “Report: Minority partners are pressuring Daniel Snyder to sell Washington Football Team

  1. The league should force him to sell. He’s both an embarrassment to the franchise and incompetent as an owner.

  2. I’m sure the rest of the NFC East hopes Snyder remains owner for decades. Is there a worse NFL franchise owner?

    In the 21 years since he became owner:

    – Hasn’t won a playoff game;
    – Finished 3rd or 4th in the NFC East 16 of those 21 seasons;
    – Had a winning record in only 6 of those seasons;
    – Compiled a miserable .423 winning percentage;
    – One of the worst drafting teams in the league this century;
    – Has one of the worst stadiums (and worst field) in the league;
    – His best players continually work to get out of there.

    And so it will continue as long as he’s owner.

  3. Are you kidding me? Stand strong Dan! As long as you own the team, the “Washington team” will be the doormats of the east

  4. He should buy them out. Since they are having a hard time selling their minority stakes on their own, Synder should be able to get a good price.

  5. Are these the same minority owners that “had actively been trying to sell their pieces of the team. However, both have to date been unable to find a buyer.”

  6. Snyder is a good businessman. I didn’t know much about how he acquired his fortune so I checked and he is self-made, much like Mark Cuban. You have to respect a guy who can do that. On the other hand, he’s a terrible owner. He’s clueless about running a team and it just makes me wonder why he doesn’t just get out of the team and do something else. The team would certainly be better off. But then again, the same could be said of Jerry Jones. The difference is Jones wants to win. Snyder (and apparently Khan in Jax) couldn’t care less about putting a winning product on the field.

  7. The surest way to get Snyder to dig his heels in is to pressure him to do something he doesn’t want to do. He’s not selling, period.

  8. Dont do it Dan. Let those minority owners sell. Who the hell do they think they are?

  9. I’m not a Snyder fan, but unless there’s just due, he shouldn’t be forced to sell. If he does sell, I fear that Rivera won’t be here for longer than a year since new ownership means new coaches, new general managers and new quarterbacks.

  10. Don’t get me wrong here. I think Snyder is a terrible owner, down there with Khan (Jacksonville), Woody Johnson (Jets), the Ford family (Detroit), the Spanos clan (Chargers), and Mikey Brown (Cincinnati). He’s way up on the list of sports team owners I’d like to never see or hear from ever again.

    BUT there are things that I think need to be said–One, that if some or all of the minority owners want the majority owner gone, it doesn’t mean diddly, he doesn’t have to sell; Two, that if they really want him gone, they should put up their own money and buy him out; Three, that right now is an incredibly bad time to sell a team in any sport; and Four, even if they do put up the money and buy him out, the new majority owner may not be the savior people think he/she/it/they expect (the Marge Schott scenario).

    As for the Commissioner ordering him to sell the team, even a strong Commissioner has to have justification for it. His being a lousy owner isn’t enough, or a good third of the league’s owners would be forced to sell. There has to be something SPECIFIC he’s done in order for a strong Commissioner to consider such action. Besides, the league doesn’t have a strong Commissioner by any stretch of the imagination.

    It may be going on in Washington, but wishing still doesn’t make it so.

  11. Why does he even need partners??? Just buy them out and be on your own. Can someone tell me what the benefit of having partners / minority owners is?

  12. elrock7 says:
    August 13, 2020 at 7:28 pm
    what exactly has he done that could make the NFL force him to sell?
    *******************************************************************
    This report is saying Snyder’s partners want him to sell the team. Not the NFL. They probably like Snyder as a person. I think their association is just costing them money. And who knows if these rumors are even true? But I’ve never heard of any rumors that the NFL was trying to get him to sell the team.

  13. We feel this is an awful decision and hope Dan Snyder fights this off and maintains ownership and control.

    Love,
    Cowboys, Eagles, and Giants fans.

  14. It’s Snyders team. He can do what he wants unless he is caught in something illegal. Should rename the team as the Washington Warriors with the same legendary logo.

  15. This is horrible. And unfair in every way. Dig your heels in, Dan. Find the fountain of youth, drink from it, and own the team forever.

    – Eagles fan

  16. ravensroost94 says:
    August 13, 2020 at 8:41 pm
    The surest way to get Snyder to dig his heels in is to pressure him to do something he doesn’t want to do. He’s not selling, period.
    —–
    Really? Sort of like he was ‘never’ changing the team’s name?

  17. As an Eagles fan I hope he doesnt sell. But seriously, if these minority owners want him out. Either buy him out or sell your shares. NFL ownership is one of the best investments out there. Jerry Jones turned a 140 million dollar team into a 5-6 BILLION team. Washington is definitely worth 3-5 Billion. Stay strong Danny we live ya in Philly!

  18. minority owners can pressure??? hahaha, thats funny. they have no leverage. big dan is the man, sorry boys, but dan wins this.

  19. What’s the justification in trying to force him to sell? He wanted to keep the team name the same it’s been for almost 90 years? His team hasn’t been very good? Even if he is a blowhard, these minority owners can all go kick rocks and as someone who is completely impartial toward the Redskins, I hope he tells them exactly that.

  20. HagemeisterPark says:
    August 13, 2020 at 8:48 pm
    Dont do it Dan. Let those minority owners sell. Who the hell do they think they are?

    ***********************************************************************************

    Weird, someone actually sticking up for Dan Snyder. Suppose there’s a first for everything.

  21. Sorry, cancel culture is fading fast! America won’t go down without a fight, nor will capitalism. No one can make you sell something you don’t want to sell…that’s how America works.

  22. Please please please please come true and I will require no more or Christmas presents from this point on!

  23. Would the team, league and fans be better off with another owner? 99% sure they would be. Without proof of something that would really really “tarnish the shield”, he isn’t going anywhere.

  24. Crazy to make someone sell something they bought with their hard earned money. I’m of native American heritage and I think it sucks that we don’t have a pro football team representing out culture anymore.
    We’re getting to a point in this country where any time anyone feels threatened or bothered that person will be able to cancel anything they like.

  25. Ridiculous! I’m no fan, but no one should be forced to sell anything they own and allegedly, love.

  26. Why would the ‘inability to secure option to purchase controlling interest in the team’ stop buyers from purchasing minority stakes?

    Is that how the Stock market works? Is that even how other minority ownership works?

    Did the new owner of the Panthers have an option to buy controlling share of the Steelers?

    He now owns the Panthers. Give me a break. No fan of Snyder. But something stinks in minority ownership land of the Washington Team.

  27. This is typical of what is happening today. “If you don’t agree with me or my agenda, I will FORCE you to.”

  28. I’m not a fan of the Washington team nor a fan of bullying, peer pressure or dirty tactics. I hope Snyder stays strong and comes out of this stronger.

  29. In case anyone was wondering, the Snyder regime is exactly what happens when you let an idiot fan from the stands own a football team.

  30. Don’t get me wrong here. I think Snyder is a terrible owner, down there with Khan (Jacksonville), Woody Johnson (Jets), the Ford family (Detroit), the Spanos clan (Chargers), and Mikey Brown (Cincinnati).

    ==========

    You forgot about Jimmy Haslam (Cleveland)

  31. Minority owners aren’t really in any position to force the majority owner to do anything. They could all band together and oppose every single thing Snyder wanted to do and he’d still be able to just ignore them because he by himself is more than 50% of the vote. You become a minority owner for the investment and for the ego rush of being able to brag that you “own” an NFL team but you get no real power from being one.

  32. I’d expect selling the team in this time of pandemic, with the stadium issue and even team name issue unresolved, would result in less than a top offer.

  33. wow, all that googling and you couldn’t see that they’ve actually won TWO playoff games under Snyder?

    there’s plenty of teams in this neighborhood.

    Norseman says:
    August 13, 2020 at 7:27 pm
    I’m sure the rest of the NFC East hopes Snyder remains owner for decades. Is there a worse NFL franchise owner?

    In the 21 years since he became owner:

    – Hasn’t won a playoff game;
    – Finished 3rd or 4th in the NFC East 16 of those 21 seasons;
    – Had a winning record in only 6 of those seasons;
    – Compiled a miserable .423 winning percentage;
    – One of the worst drafting teams in the league this century;
    – Has one of the worst stadiums (and worst field) in the league;
    – His best players continually work to get out of there.

    And so it will continue as long as he’s owner.

  34. The guy is complying. He changed the name and has made several organization changes and has replaced people who were of questionable character in the organization and has also removed cook’s statue. Idk what else you could ask for from the guy. Is he a bad owner, the record says yes but the guy has come a long way the past year and in my book that buys him some extra rope.

  35. Forbes has the team valued at 3.4 billion Snyder apparently owns about 60%, so if pressured and they want him out bad enough, he should demand 70-75% of the value.

  36. The football team’s fans are the NFL version of Cubs fans. how long did they wait? double it.

  37. he can outlast his minority owners, buy them out when they see they are boxed in with no acceptable exit strategy and then sell the whole shootin’ match to one of the multiple buyers who have passed and keep all the profit.

  38. “In case anyone was wondering, the Snyder regime is exactly what happens when you let an idiot fan from the stands own a football team.”

    Bob Kraft was a fan in the stands who bought the Patriots.

    Snyder is not necessarily an idiot. What he is is one of about a dozen owners who bought or inherited teams and view them solely as an investment that generates vast profits due to the TV contracts, whether or not they put a decent product on the field.

    Those owners literally don’t care if they win a single game in any given year because the profit sharing of the TV money ensures their investment pays off in a big way.

    They could fix that easily if the owners wanted to. Half the TV money shared as it currently is, the other half split into equal shares with each one representing a regular season win. Ie that latter half of the money goes to franchises that put out the effort to win and put a good product on the field.

  39. elrock7 says:
    August 13, 2020 at 7:28 pm
    what exactly has he done that could make the NFL force him to sell?

    —————-

    Who said they were even trying?

  40. Snyder is a joke and has run that team into the ground for no reason whatsoever. He basically stole money from Maryland by displacing poor people to build his already outdated stadium. He stole more money from Virginia to have a terrible, worst-in-the-NFL front office and training facility. And now he wants to steal from DC without any community development. This is all on top of his ridiculous trademark schemes, allegations of bribing local officials, hiring PR firms to promote a myriad of strange agendas seemingly based on whims rather than any marketing strategy. Dan really needs to go, he’s become one of the joke owners in the NFL. He can go sit on his $100M yacht built on the tax dollars of locals top the DMV (DC, Maryland, and Virginia for the uninitiated).

  41. No sell. As long as he is the owner they will never be competitive! Bring back Bruce Allen. Bring back Marcus Allen. Bring back Alan Ginsberg.

  42. Dan drafts
    Dan trades
    Dan coaches
    Dan plays

    Oh wait no he doesn’t, he just pays a crap ton of money to have other people do these things that come up short all the time. You don’t have to like him, it’s a free country (for now), but he is not the reason this team stinks every year.

  43. FedEx is financially strapped, so it’s no surprise that Fred Smith is divesting assets to help keep his legacy above water.

  44. NFL could be dying a slow death from here on out. I would sell and tell the league to kiss my butt.

  45. Considering these slithering snake partners that abandoned Snyder when he could have used their support, maybe they should have named the team ‘The Washington Turncoats’.

  46. goroute9 says:
    August 14, 2020 at 9:23 am
    Don’t get me wrong here. I think Snyder is a terrible owner, down there with Khan (Jacksonville), Woody Johnson (Jets), the Ford family (Detroit), the Spanos clan (Chargers), and Mikey Brown (Cincinnati).

    ==========

    You forgot about Jimmy Haslam (Cleveland)
    —————————————-
    Yes, I did. Mea culpa. Keep in mind, though, that the owners I mentioned have all owned their teams a lot longer than Haslam. Also, Haslam has been no worse than the Lerners, who owned the team before him.

    I also forgot to mention the Bidwill family (Cardinals).

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