Report: Pressure from other owners forced Daniel Snyder’s hand

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Plenty of theories have emerged in the aftermath of Wednesday’s stunning announcement by the Commanders that ownership is looking for a buyer. A new report ties the decision to one very simple dynamic.

Dan Snyder’s peers are telling him it’s time to go, and he’s apparently listening.

According to Ben Fischer of Sports Business Journal, multiple owners “have confronted” Snyder privately in recent weeks regarding the question of whether he should cash out and move on. Even more, per the report, have told Commissioner Roger Goodell “that something must give.”

Wednesday’s news came from the “growing consensus” that it’s time.

It’s surprising that Snyder is willing to listen. He had seemed to be determined to refuse to sell, and to embrace the reality that a protracted legal fight would be required to get him to go away. Obviously, something has registered for him in recent days.

There has been speculation that Snyder has a broader strategy in mind, that perhaps he put the team on the market to reduce the pressure that has continuously been mounting for months. The flaw in this thinking is that Wednesday’s move prompted widespread jubilation from Commanders fans regarding the possibility that the franchise will be saved by the prospect of new management.

At this point, it will be incredibly difficult for Snyder to retreat to an all-caps-never refusal to sell. While nothing stops him from changing his mind, it would spark an even stronger outcry from those who have had a chance to envision a not-too-distant future that entails someone/anyone other than Snyder in control of what once was, and what should be, one of the NFL’s flagship franchises.

And so it appears that Snyder’s original investment of $750 million in 1999 will result in $5 billion or more, allowing him to fade into oblivion and enjoy the remainder of his days without being the target of so much animosity, derision, and flat-out hatred.

Thus, while it won’t be over until the paperwork has been signed and the money has been wired, it seems to be moving in that direction. Which is absolutely the right outcome — for everyone except those owners who enjoyed competing for championships without the Commanders ever being a factor.

58 responses to “Report: Pressure from other owners forced Daniel Snyder’s hand

  1. Thus, while it won’t be over until the paperwork has been signed and the money has been wired, it seems to be moving in that direction. Which is absolutely the right outcome — for everyone except those owners who enjoyed competing for championships without the Commanders ever being a factor.

    Cough, Cough Cowboys, Eagles, and Giants

  2. If Bezo’s buys the team, maybe he will rename them the Amazons (as Commanders is the worst new team name next to the Guardians).

  3. mongonation says:
    November 3, 2022 at 10:57 pm
    Thus, while it won’t be over until the paperwork has been signed and the money has been wired, it seems to be moving in that direction. Which is absolutely the right outcome — for everyone except those owners who enjoyed competing for championships without the Commanders ever being a factor.

    Cough, Cough Cowboys, Eagles, and Giants
    __________________________________________

    Those owners care way more about the money that Snyder is costing them/stealing than winning like every other owner.

  4. It’s to good to be true.
    I will believe it when I see it.

    He will be a terrorist and hold the team hostage.

  5. Jim Irsay 7 Dan Snyder 0 at the end of Q1. But there’s still 3 quarters left to play in this game.

  6. Curiously, no one points out that the wealthiest are the ones who cry out the loudest for public assistance. Washington DC fans will have their wish when Snyder is flushed out of the Billionaire’s Club, but they will pay dearly for generations to subsidize the abatements local governments will give for Bezos’ Platinum Playhouse, er, a new football venue.

  7. They can’t force him to sell the team. But they can certainly make it as miserable as possible for him if he chooses to stay.

  8. Snyder’s reluctance to sell is a consequence of our tax code. His estate has about $1 billion reasons to keep the team in his hands until his death.

  9. He will sell if they rename the team the Washington Synders and his face as the new logo.

  10. Sell the team, ditch the Commanders name and re-name the team the Washington Redhawks, which sounds a lot better and already had the approval of multiple Native American tribes.

  11. Snyder finally realized something that he no doubt forced others to understand over the years: that it’s less embarrassing to resign than to be fired.

  12. Is he listening to recently added owners that he’s got no dirt. Either way, billionaires get punished differently. $4+ Billion realized gain. Oh how ever will he survive?

  13. Would love to see a wealthy Native American group buy the team and return back the Native American theme of the team.

  14. It’s very clear that he was told there are 24 votes to oust him. Most likely there were 31.

  15. Robert Irsay is a piece of work, but he had the guts to open his mouth on Snyder. Kudos to him.

  16. Pressure which came from articles written in the Washington post. Which happens to be owned by the person who will inevitably buy the team.

  17. Should of named the team the Criminals after all the crooked Washington politicians in office.

  18. “Snyder’s reluctance to sell is a consequence of our tax code. His estate has about $1 billion reasons to keep the team in his hands until his death.”

    Are you kidding me? Rich folks have so many tax write offs that they don’t actually end up paying any taxes. Did you know that Private Jets and Yachts were a tax write off? The rich pay congress to follow their lead.

  19. HurtsToReadComments says:
    November 3, 2022 at 11:51 pm
    Why did it take this long for the “pressure” from other owners
    *******************************
    Perhaps it’s because the report of a federal investigation into fraud became public the other day. This could’ve been the final straw.

  20. I think a 5 billion increase in value since purchase will leave Snyder laughing to the bank in spite of public condemnation. I sure would

  21. Disappointing us jubilant fans isn’t motivation for Snyder to not be pulling a fast one here. I’m not sure why it’s not evident to those outside of the DMV, but Snyder literally doesn’t care about the fans! I mean, he sued an old lady who couldn’t afford to pay for her season tickets anymore! He’s capable of anything, not the least of is spite and vindictiveness! I’ll celebrate if/when the league introduces the new owner(s)!

  22. So much for the “Snyder has dirt on the other owners and Goodell” story. Unfortunately for the fans the next owner may not be much of an improvement in terms of wins and losses as recent history shows in Cleveland, Jacksonville and Denver.

  23. Doesn’t seem like real news. Everything appears as if he’s doing this all at his own pace and on his own terms. I don’t buy this smear campaign.

  24. I will not do a jig in the street until this actually comes down…but I’m getting my dancing shoes ready!!!!

  25. 24 owner votes is all it takes… yes they can force him out

    austinspencer says:
    November 3, 2022 at 11:27 pm
    They can’t force him to sell the team. But they can certainly make it as miserable as possible for him if he chooses to stay.

  26. vecchiaio says:
    November 3, 2022 at 11:20 pm
    Curiously, no one points out that the wealthiest are the ones who cry out the loudest for public assistance. Washington DC fans will have their wish when Snyder is flushed out of the Billionaire’s Club, but they will pay dearly for generations to subsidize the abatements local governments will give for Bezos’ Platinum Playhouse, er, a new football venue.

    The governments in DC, Maryland, and Virginia have all told the Commanders to pound sand. There is no reason to believe that would change with a new owner.

  27. “And so it appears that Snyder’s original investment of $750 million in 1999 will result in $5 billion or more, allowing him to fade into oblivion and enjoy the remainder of his days without being the target of so much animosity, derision, and flat-out hatred.”
    That’s a-pretty sizable sum to live on. If I were Dan (no I’m not), I would take the money, skip the aggravation, take my yacht and sail off into the sunset, with my wife, and forget the NFL exists. Of course, no one knows what Dan will actually do.

  28. Here’s how they told him:

    Option 1. You sell the team on your own. Get most money.

    Option 2. We vote you out and you sell at a fire sale price….

  29. If I am Steve Biscotti I would vote in favor of Snyder for the simple fact that a better run DC football team will cut into the Ravens fan base ;(

  30. I hope whoever buys this team ditches the horrible ‘Commanders’ name and comes up with something more creative. Even the ‘Washington Football Team’ is better than ‘Commanders’.

  31. Mike Beranek says:
    November 4, 2022 at 8:24 am
    “‘…subsidize the abatements local governments will give for Bezos’ Platinum Playhouse, er, a new football venue.’

    The governments in DC, Maryland, and Virginia have all told the Commanders to pound sand. There is no reason to believe that would change with a new owner.”

    There was a deal in place for a new stadium in Virginia ready to go until all the investigations and surrounding brouhaha concerning Snyder made the deal politically unpalatable. Like it or not, once a new and less toxic owner is in place, either the District, Maryland or Virginia will pony up a large portion of the money for a new stadium.

  32. Billionaires forcing other billionaire to sell his team while millions of people who pay for the product get nothing. Only in a corrupt capitalist system.

  33. So Dan was ‘forced’ out by the other owners?

    Let’s see he takes his $4+ BILLION capital gain (about 600% gain on his initial investment) and walks away. That’s a really hard thing to have to deal with.

    And then let’s not be surprised when over the next couple of years serious dirt starts to show up about other owners. There is NOTHING (other than winning) that a super rich guy loves more than getting revenge on someone who stuck it to him.

    I suspect that there are going to be a number of high ups in the NFL who are going to regret playing the ‘holier than thou’ card.

    And Bezo’s may NOT be all that hot to buy the team. After all what was done to one billionaire can be done to another and if you think Bezo’s is clean then I’d like to talk to you about a bridge in Brooklyn I have for sale.

  34. Question: Please don’t kill me for asking this. . I’m just curious. Would Snyder be able to stick it to Bezos and the other owners by sellling to a lower offer? Like let’s say Bezos offers 5 Billion and someone else offers 4. Would Snyder be able accept that 4b to screw with the net worth of the franchises? I know money talks. But he seems more than willing to screw everyone over.

  35. Just like Nixon in ’74…Danny’s been given an out to save face (what left of it…)

  36. The “absolutely right outcome” would be consequences for his actions vs. $5B more in the bank, but thats not the world we live in.

  37. The factor is probably the investigation that was announced. If there is something for it to find Snyder could be in real trouble. If Goodell knew there was something to find and was keeping it in his back pocket for a rainy day he might have been the one to got that in motion so that Snyder would need to sell to have a chance of getting That to go away again. If Snyder wants to dig in Goodell can always feed info to the investigation on where to look.

  38. greenlantern says:
    November 4, 2022 at 11:59 am
    Question: Please don’t kill me for asking this. . I’m just curious. Would Snyder be able to stick it to Bezos and the other owners by sellling to a lower offer? Like let’s say Bezos offers 5 Billion and someone else offers 4. Would Snyder be able accept that 4b to screw with the net worth of the franchises? I know money talks. But he seems more than willing to screw everyone over.
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ We talking about Dan Snyder, right?

  39. When the punishment for him is to have to take his 4.25 billion and be sent home, while the punishment to me would involve jail time…its hard to grasp it all.

  40. greenlantern says:
    November 4, 2022 at 11:59 am
    Question: Please don’t kill me for asking this. . I’m just curious. Would Snyder be able to stick it to Bezos and the other owners by sellling to a lower offer? Like let’s say Bezos offers 5 Billion and someone else offers 4. Would Snyder be able accept that 4b to screw with the net worth of the franchises? I know money talks. But he seems more than willing to screw everyone over.

    ——————————

    Well then, if he really wants to stick it to them extra hard, sell it to me for my offer of $20.

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