After repeatedly saying he would never consider giving up the football team he rooted for as a child and has owned for more than two decades, Dan Snyder and wife Tanya have taken the first step toward selling the Washington Commanders.
The team announced the surprising decision Wednesday that the Snyders hired Bank of America Securities to “consider potential transactions.” Asked if the Snyders were considering selling part or all of the team, a spokesperson said, “We are exploring all options.”
Coach Ron Rivera, asked after practice about the news, tried to keep the focus on football.
Retaining the investment bank’s services could mean a full sale amid mounting pressure and multiple ongoing investigations or bringing on new investors more than 18 months after the Snyders bought out the previous minority owners. It’s the first indication Snyder has given that he’d even consider selling the team.