If you can believe it, Washington Commanders owner Dan Snyder has been accused of doing more illegal things, like taking out secret loans and using the team as his 'personal piggy bank.'
Oct 2, 2022; Arlington, Texas, USA; Washington Commanders owner Dan Snyder on the field before the game against the Dallas Cowboys at AT&T Stadium. Mandatory Credit: Tim Heitman-USA TODAY Sports - 19163923If you can believe it, Washington Commanders owner Dan Snyder has been accused of doing more illegal things, like taking out secret loans and using the team as his"personal piggy bank.
This questionable loan is now at the center of federal prosecutors' probe into the Commanders financials, according to Van Natta. A grand jury has issued subpoenas for Commanders financial records, including anything related to the loan, and they've already obtained a number of other documents like emails and letters. And this is all happening while Snyder is attempting to sell the team for a record-breaking $7 billion.
These suspicions were further confirmed by a letter Snyder's lawyers sent to the partners in June explaining that the team would be reimbursing Snyder over $7 million for"unreimbursed business expenses" covering 2017-2020. Those"business expenses" allegedly included a lavish yacht party Snyder threw that included Dallas Cowboys owner Jerry Jones, Buffalo Bills owner Terry Pegula, and New England Patriots owner Robert Kraft.
After submitting the petition to the NFL, the partners"reluctantly" agreed to a Jan. 2021 mediation overseen by Goodell to settle buyout conditions. However, according to ESPN, Goodell and NFL general counsel Jeff Pash both refused to investigate the secret loan.
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