Washington Commanders Owner to Sell Team

The Washington Commanders' decades-long nightmare could finally be coming to an end. According to Forbes, Commanders owner Daniel Snyder has hired Bank of America to assist with selling the team.

EXCLUSIVE: Dan Snyder Hires Bank Of America To Sell Washington Commanders https://t.co/vXct0SpfN2

— Forbes (@Forbes) November 2, 2022

It is unclear if Snyder is looking to sell the team outright or simply part with a stake. Indianapolis Colts owner Jim Irsay recently called for Snyder's exit from the league due to a series of embarrassing accusations and investigations, but Snyder had previously met all demands for his ousting with defiance and obstinance.

Snyder bought the Commanders in 1999 and quickly sent the once-proud franchise into a tailspin. After winning three Super Bowls in the 80s and 90s, the Commanders have made the playoffs only six times under Snyder.

Should Snyder truly sell the team, he could see a windfall similar to the $4.65 billion the Broncos fetched earlier this year. He initially purchased the team for $800 million.

Snyder's departure could go a long way to restoring credibility for the Commanders. The team currently ranks last in average attendance, and FedEx Field routinely ranks among the worst stadiums in the league. Among Snyder's many, many failures has been an inability to facilitate the construction of a new home for the team. Perhaps new ownership could expedite the process. 

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