Dan Snyder Gains Full Ownership Of WFT

Dan Snyder now owns the Washington Football Team outright. Adam Schefter of ESPN.com recently reported that Snyder has officially acquired the 40% interest in the team previously held by minority owners Frederick Smith, Robert Rothman, and Dwight Schar (Twitter link).

The three minority owners had filed suit seeking a ruling that Snyder must purchase all of their shares or none of them, as their value is higher collectively than individually (Snyder was reportedly willing to purchase the 25% share owned by Smith and Rothman but not the 15% share owned by Schar). The litigation had taken an ugly turn, with Snyder filing his own suit alleging that Schar had engaged in a smear campaign by leaking information concerning a $1.6MM settlement that WFT reached in 2009 with a former female employee who accused Snyder of sexual misconduct. To be clear, two separate investigations in 2009 failed to substantiate the former employee’s claims, and Snyder did not admit to any wrongdoing in the settlement.

Whether Schar had anything to do with the reports on that settlement or not, it came just months after a number of former female employees came forward with allegations of a longstanding culture of sexual abuse. The NFL’s investigation into those allegations is ongoing, but it is not presently expected to amount to significant (if any) sanctions.

Snyder certainly doesn’t seem concerned that he will face any sanctions that will affect his ownership. As Peter King of NBC Sports wrote in his last Football Morning in America column, Snyder borrowed heavily to buy out the minority owners, a buyout that checked in at $950MM (Nicki Jhabvala of the Washington Post tweeted that the final price tag was $875MM, but either way, it was a sizable chunk of change).

Obviously, this development further entrenches Snyder at the top of WFT, and as King writes, the multi-billionaire has no intention of selling the club. Though he may take on other partners in the future to offset his newly-incurred debt, he actually intends to one day pass the club down to the next generation of Snyders.

So buckle up, WFT fans. In the 22 years of the Syder regime, Washington has won just four division titles and has just two playoff wins (both in the wildcard round). It has not won a postseason game in 15 years, though the club has put together a solid offseason and should compete for the NFC East crown again in 2021.

Photo courtesy of USA Today Sports Images.

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34 comments on “Dan Snyder Gains Full Ownership Of WFT

  1. weluvog

    It’s Seemingly basically now: Quit-Chur-Bitching Bc it Taint changing a ting!

    Crying shame; tho, From a football perspec: IF He continues to operate as a Blank Check and STAYS OUT OF OPERATIONS, We’ll be just fine!!

  2. afsooner02

    Finally! Now that he has FULL control, we’re about to see one of the greatest turnarounds in nfl history! Best owner in the league!

    (Said no one ever)

  3. easyw

    Bezos will own this team soon. The Washington Post Football Team has a nice ring to it.

  4. dylan1g

    I wonder if he’ll sell it all now since he was practically forced into purchasing a piece he didn’t want to. Maybe it’s simply because he’s a crappy owner, but what owner doesn’t want to buy back a minority stake when they can just sell it to someone else?

  5. burrow_is_a_bust2.0

    Can figure out why he gave in to all the liberals to give his team the worst name in sports history!

    • Rocket32

      burrow_is_a_bust2.0 He ‘gave in to liberals’ because it wasn’t just people complaining anymore, it was about to start threatening his finances too. Major brands like FedEx, Nike, and Pepsi, all put pressure on the team to change their name.

      These sports team owners are businessmen too. Once the team’s revenue is threatened, they are going to give in. They aren’t going to sacrifice a lot of money over a name.

    • ABStract

      @burrow, I’m pretty sure there’s bipartisan agreement on the inappropriate racism of the previous team name.
      Plus, don’t blame the liberals for the fact that Washington can’t come up with a decent name, its just yet another example of how that’s a completely incompetent organization (at least where decision making is concerned)

      • rct

        Don’t feed the troll. This guy was banned once already for trolling, hence the 2.0 at the end of his name. He’s just trying to get a rise out of people.

        • parx

          Washington Football Team is literally the best name in sports, it’s so basic and perfectly accurate

      • Appalachian_Outlaw

        The latter is much more accurate. Throw a question mark on the helmet, and there is the perfect branding.

  6. TJECK109

    I guess because he changed the team name it erases the sex scandals and claims against Snyder in the eyes of the rest of the NFL.

    • dcfan78

      Read the report idiot. It says there were investigations and nothing came out of it.

  7. MileHighFan

    Not a big fan of Snyder, but I am sick and tired of seeing the Washington Post try to force him out just so that Bezos can buy another toy.

  8. itslonelyatthetrop

    Fun fact: Washington has had more former players elected to Congress this century than playoff wins!

    • HubcapDiamondStarHalo

      Yipes!!! Gonna guess you could win a few bar bets with this one!!

    • rct

      You can tack on an extra nine years to that. WFT hasn’t won a playoff game since before they even drafted Schuler.

      • itslonelyatthetrop

        Incorrect. Defeated Tampa Bay in the Wild Card round in 2005.

        The ratio is 2-1: that’s the 1 playoff win.

        Shuler was elected in ‘07. Tom Osborne was elected in ‘01. Shuler was a notable bust, but before he was a college coaching legend, Dr. Tom was a WR for Washington from 60-61.

  9. jay13

    Now that he has full control let’s see what happens. He has always had someone holding him back he so says. If that’s the case, my fellow Lions fan dugdog83 will be reading that right WTF.

  10. bradthebluefish

    Good for him. Telling everyone to buck it. As long as he listens to his current crew, the WFT will do great!

  11. badco44

    So now he owns the whole boat, after 20 years maybe he has gotten smart enough to leave the football operations to the football people. If your a fan you have to admit this guy has pulled some real boners along the way. Franchise has no where to go but up people…. we have sucked the bottom of the football barrel way too long!

  12. jawn

    I don’t understand how anyone can be a fan of WFT when its owner is such a vile piece of toxic waste.

  13. crosseyedlemon

    Danny boy sure looks pleased with himself in that photo. I guess his next moment of glory will occur when he gains full ownership of a 3 legged racehorse.

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