REPORTS: Commanders owner Dan Snyder makes the latest move to sell his $5.6 billion worth franchise

The Washington Commanders finally found a new life, as they won 3 back-to-back games for the first time this season. Amidst many controversies regarding their owner Dan Snyder, they found a winning rhythm.

Meanwhile, Snyder is exploring many options to sell his franchise. According to Forbes, the Commanders’ owner has hired the Bank of America to sell his team. Notably, he received plenty of pressure from the fans, experts, and a few other NFL owners regarding the selling of his team. Now, it seems like he has finally decided to do the right thing by selling the whole team or a minority stake in the franchise.

Dan Snyder is exploring options to sell the Commanders

According to Forbes, the Commanders’ current worth is around $5.6 billion. If Snyder sells the NFL team, this would make the Commanders the most expensive sports team in history. However, the representatives of both Bank of America and the Washington-based team refused to make a comment about the possible purchase of the team.

Notably, Rob Walton and his family bought the Denver Broncos team for a record $4.6 billion in August. At that time, it was the most expensive North American football team in history. Now, it seems like Washington will break that record.

Read More: “Never Hired Any Private Investigator”: Amidst Massive Controversies from Multiple Avenues, Dan Snyder Talks Roger Goodell Relationship & Camaraderie Among Owners

After Snyder and his family gained full control of the Commanders in March 2021, the value of the team increased significantly. Interestingly, the Commanders had only 3 owners since joining the league back in 1932 and Snyder was at the helm for the last 23 years. As the owner of the Franchise, he endured many controversies. Many former workers called the franchise a toxic place to work.

Apart from that, the fans have been demanding a new stadium for a long time. As per recent reports, after the possible sale of the franchise, the owners will build a new stadium, as they are looking for a new location.

Earlier, many reports claimed that Snyder hired private investigators to spy on other NFL team owners. Although he denied those claims, many team owners wanted the NFL to suspend him, particularly the Colts owner, Jim Irsay.

Meanwhile, the Commanders have won 3 games in a row to go 4-4 this season. Despite that, they are still at the bottom of the NFC East division. Although they are far away from playoff contention, a few wins could help them rebuild the team for the next season.

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