Further steps are being taken for Dan Snyder to sell the Commanders.
In November, it emerged that the embattled owner had hired Bank of America to explore a sale of the team.
Wednesday, the Washington Post reported that the bank is “poised to send what amounts to a prospectus for the team to qualified potential buyers who agree to the confidentiality provisions.”
Although these documents are not likely to include the distinction as to whether Snyder plans to sell his controlling stake in the team or minority ownership, the report cites four sources who “believe a full sale is the most likely outcome.”
This past August, the value of the Commanders was estimated at $5.6 billion by Forbes; the Broncos sold for a record $4.65 billion earlier this year to Rob Walton, an heir to the Walmart fortune. Among potential bidders for the franchise are a contingency led by Jeff Bezos and Jay-Z — with interest from Kevin Durant and Matthew McConaughey — and Red Sox owner John Henry.
Asked at league owners meetings in Dallas on Wednesday about expectations that Snyder would sell the franchise, NFL commissioner Roger Goodell was coy.
“I don’t have any expectations of that,” Goodell said, according to Albert Breer of Sports Illustrated.
In October, Colts owner Jim Irsay stunningly revealed his belief that “there is merit to remove [Snyder] as owner.”
The Commanders — and Snyder himself — have been beleaguered by scandal for a number of years. There have been allegations about a hostile workplace for women in general, including sexual misconduct by Snyder. The league has also been conducting a review to discover whether Snyder engaged in “financial improprieties” that would impact the NFL’s revenue-sharing pool, which the team has denied.