Conflicting theories arise for Tanya Snyder’s ascension to co-CEO, co-owner of WFT

Washington Redskins coach Ron Rivera
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The news came out of the blue on Tuesday morning — after more than 20 years of Daniel Snyder owning the Washington Football Team, his wife, Tanya, became both co-CEO and co-owner. So why now, after all these years?

The Washington Post offers up a couple of different possible reasons for the sudden shift at the top of the franchise.

One theory is that the move represents a P.R. effort, aimed at shifting focus from the lingering workplace misconduct investigation that launched last year and the ugly ownership squabble between Snyder and three minority partners whose interests he recently purchased. Another theory is that Tanya Snyder would take over the team in the event that the league suspends her husband for his role in the workplace issues.

There’s another theory not contained in the report from the Post that should at least be considered. As the value of NFL franchises continues to skyrocket — and as Snyder has pulled 100 percent of the interest within the control of his family — it will be important to position the equity so that estate-tax obligations can properly be managed, if/when the Snyders transfer ownership and control of the team to their children. Giving the team to his kids remains Daniel Snyder’s top objective; as the spread of legalized gambling inevitably pushes franchise values toward 11 figures, it will be harder and harder to come up with the cash necessary to satisfy Uncle Sam when a major piece of the team passes from one generation to the next through inheritance.

It’s also possible, quite frankly, that to the extent there was any monkey business happening in the past, Tanya’s presence and involvement will ensure that the frat-boy dynamic does not resurface.

Whatever the reason(s), the lawyers who represent more than 40 former employees want more transparency regarding all things WFT. Via the Post, Lisa Banks and Debra Katz called Tuesday’s news “a shallow attempt to show progress without making any meaningful changes,” and an effort by Daniel Snyder “to try to placate” the league.

“To show any true commitment to change, the Washington Football Team and NFL must make the full findings of the independent investigation public and act on Wilkinson’s recommendations to provide both transparency and accountability,” Banks and Katz said. “We must know the full truth of what has happened at the organization before any meaningful progress can actually occur.”

It’s unclear whether the league will take any significant action against Daniel Snyder, based on the ongoing investigation of the allegations of workplace misbehavior. Some believe that the league’s decision to allow Snyder to exceed the per-team debt limit in order to buy out his partners implies that the ultimate punishment, if any, won’t be significant. Others wonder whether the league allowed Snyder to take on gigantic debt under the assumption that he’ll have a hard time paying it off, and that he’ll eventually have to take on a partner who will have a path to control, like the Ravens when Art Modell eventually sold the team to Steve Bisciotti.

However it plays out remains to be determined. Today’s developments undoubtedly represents a major strategic effort by Snyder aimed at enhancing the chances that he and his wife will be able to eventually hand the team over to their children.

13 responses to “Conflicting theories arise for Tanya Snyder’s ascension to co-CEO, co-owner of WFT

  1. My god who cares? Great for her. Always have to be reading between the lines. Geez.

  2. My theory: Danny Boy has some skeletons in his closet, if ya know what I mean, that his wife could take him down big time for in a nasty divorce. Instead of giving her half of the value and losing his team, he just cut her in this way.

    This could be an episode of Billions.

  3. Dont matter who the co ceo is!!! Washington is going to dominate the NFC east this year and you can bank on it!…I`m still laughing at all of these so called experts that has Dallas winning this division with one of the worst D-lines and defense in the NFL! Since when does Dak play defense and since when does the co CEO matter? Come back to reality people!!!

  4. Snyder Man, Snyder Man.
    Do whatever a Snyder do.
    Ruined a team, broke its neck.
    Wife got half to keep the media in check.

  5. I bet she knows all the crap this guy did. She knows what he did to what women and everything else. When this story broke she demanded answers and he reports to her. She decided after speaking with her lawyer that it would be in his best interest to do this or have the same outcome through a divorce. If this is her play, good on her.

  6. So basically he gave her the half he would have lost in a divorce and gets to stay involved as an owner and watch this pathetic team flail about in the NFC Least for another couple of years. If the entire division weren’t such a dumpster fire it might be sad. Fortunately these are 4 cities everyone loves to see lose.

  7. Snyder does anything and Lisa Banks will chime in – as long as it can be considered billable hours.

  8. I’ll solve the mystery for you. It’s just billionaires doing billionaire things.

  9. contaminatedthrillz says:
    June 29, 2021 at 9:10 pm
    Dont matter who the co ceo is!!! Washington is going to dominate the NFC east this year and you can bank on it!…I`m still laughing at all of these so called experts that has Dallas winning this division with one of the worst D-lines and defense in the NFL! Since when does Dak play defense and since when does the co CEO matter? Come back to reality people!!!

    And exactly what QB is taking WFT so far this year? One of the two that have never done anything or the one who is great to watch but always craters and wins as many games and he loses?

  10. look, snyders a businessman, id bet my paycheck that this has nothing to do with promoting womens equality or anything like that and has everything to money, maybe a tax break or something, who knows. but his attempt to make it seem like hes some great guy and is doing this for some social reason is ridiculous.

  11. I once worked for a company with husband & wife co-owners. He was a reprehensible person and she didn’t interfere with anything he did. She wasn’t much better than him, though, and the only thing that united them was that they were above their employees in every way.

    I don’t know anything about his wife, but Snyder long, long ago lost the right for anyone to give him the benefit of the doubt.

  12. My cynicism from 50 years of Washington fandom tells me that Danny is about to get cut out of the league. He’s making the moves to allow his wife the ability to take full ownership, skip the taxes to the extent possible and still ensure his kids get the team in the future.

    I’m probably just blowing snot bubbles, but you just have to be a Washington fan to understand how this could seem like reality.

    Now, back to baseball.

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