• Loading stock data...
Sunday, August 10, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Dan Snyder to Buy Out Minority Owners of Washington Football Team

  • Snyder will pay in the neighborhood of $1B to acquire remaining 40% of team.
  • The deal needs approval of NFL ownership, which could come as early as next week.
Eric Hartline/USA TODAY Sports

Dan Snyder has a deal in place to purchase the remaining 40% of the Washington Football Team ownership. 

Snyder will pay close to $1 billion to acquire the shares of the team held by real estate mogul Dwight Schar, FedEx chief executive Fred Smith, and investor Robert Rothman, a person with knowledge of the agreement told Front Office Sports Wednesday.

The agreement effectively ends the long-running dispute between Snyder and the minority owners that led to allegations of an extortion campaign, a federal lawsuit, and an NFL investigation. 

The next step is getting approval of the overall deal by 75% of team owners, an NFL source confirmed. The vote is scheduled to take place as soon as Tuesday at the annual league meetings. The NFL finance committee has agreed to a debt waiver of $450 million to allow Snyder to finance about half the deal, a source confirmed. Reporter Tyler Dunne was the first to report the agreement. 

Front Office Sports previously reported that the attorney for Amazon founder Jeff Bezos had contacted Moag & Co., the firm tapped by the co-owners to sell their chunk of the team.

Former U.S. Attorney Loretta Lynch led an investigation into the feud between Snyder and the three WFT minority owners. The impending sale, however, makes that investigation moot.

A separate investigation into allegations of a hostile workplace environment is still pending, an NFL source told Front Office Sports. That inquiry is led by Beth Wilkinson, a former assistant U.S. attorney. Wilkinson was tapped to lead the outside investigation on Aug. 31 after two Washington Post stories detailed harassment allegations made by current and former WFT employees.

In November, Schar, Smith and Rothman sued Snyder in federal court after Snyder blocked the sale of their interest in the team for a reported $900 million. The Maryland-based judge in the case ordered the feuding owners back into arbitration.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 14, 2019; Philadelphia, PA, USA; President Donald Trump wave during the second quarter of the game between the Navy Midshipmen and the Army Black Knights at Lincoln Financial Field

‘Political Gold’: Trump Putting His Stamp on College Sports 

Trump has embraced executive action on hot-button college sports issues.
Chad Ochocinco

Shannon Sharpe, Chad Ochocinco Settle $20 Million Defamation Suit 

It’s the second multimillion-dollar lawsuit Sharpe has settled in recent weeks.
Etienne

A ‘College Football RedZone’ Is an ESPN Gold Mine—in Theory

The network would have to strike new deals with its rivals.
Jan 16, 2022; Arlington, Texas, USA; Dallas Cowboys outside linebacker Micah Parsons (11) meets with owner Jerry Jones (center) and NFL commissioner Roger Goodell (right) prior to the NFC Wild Card playoff football game against the San Francisco 49ers at AT&T Stadium. Mandatory

Micah Parsons and 6 Other Cowboys Holdouts—and How the Standoffs Ended

A brief history of Dallas Cowboys contractual disputes.

Featured Today

Inked Under Anesthesia: Athletes Getting $50,000 Tattoos

High-end studios, elite artist teams, and hours under anesthesia.
Coco Gauff at New York Liberty
August 2, 2025

How the New York Liberty Became the Hottest Ticket in Town

Once banished to the burbs, the Libs are now Brooklyn’s marquee attraction.
Las Vegas sign
July 29, 2025

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
Sponsored

Hottest Matchups Following NFL Schedule Release

The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.