Eagles

Instead of Selling the Team, Daniel Snyder is Buying the Rest of the Team

By Kevin Kinkead

Published: Mar 24th, 2021 · 1:19 PM EDT

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If you ask Washington football fans, they aren’t very high on owner Dan Snyder.

For the better part of his tenure, the team has totally stunk, and the organization became embroiled in various controversies and scandals, one of which involved eliminating the “Redskins” nickname. Once proclaiming he’d never change that moniker, Snyder’s hand was forced as part of the wave of social justice that swept over the country last year.

Some people thought that might be the final straw for Snyder, who would ultimately sell the team and get out of the NFL entirely, but ironically he’s actually going the completely opposite route.

From Pro Football Talk:

The fight between Daniel Snyder and his limited partners is now over.

PFT has confirmed that Snyder has struck an agreement to purchase the interest of his limited partners, Fred Smith, Robert Rothman, and Dwight Schar. Together, they own more than 40 percent of the team. Snyder will control all equity in the franchise, once the deal is finalized.

The news was first reported by Tyler Dunne of GoLongTD.com, who adds that Snyder has requested a debt waiver for the $450 million necessary to fund the purchase, and that the deal has been approved by the NFL finance committee.

There were a ton of people who wanted him to sell, but he went and bought out the minority owners instead. That’s a power move, and it makes sense from a financial standpoint, because with new television and streaming deals there’s gonna be a lot of money flowing.

Keep in mind, this is taking place in the middle of independent investigation into the franchise. That’s the result of those WAPO articles that talked about alleged sexual harassment within the organization and basically just a shitty overall culture.

But Snyder is forging on. It’s hard to know whether this is a good or bad thing for the Eagles. Two years ago, it would have been a great thing, since the team was terrible under him. However, along comes Ron Rivera, the WFT wins the NFC East in a down year, and now the franchise is on the path to some national respectability.