WFT Owner Daniel Snyder Buying Out Minority Owners

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Daniel Snyder wants total control of his football team, and it looks like he’s going to get it. The Washington Football Team owner will gain almost complete control of his team after the NFL’s finance committee cleared the way for him buying out his minority investors. The NFL finance committee approved Snyder’s application for a $450 million debt waiver, an NFL spokesman confirmed.


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The other owners will vote at the league’s annual meeting next week on whether to approve the deal. Snyder needs 24 of the 32 owners to vote in favor of the transaction.

The news was first reported by Tyler Dunne of GoLongTD.com.

For those fans who were hoping to get rid of Snyder, looks like that’s not happening.


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