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PotomacSkinsFan

How did Daniel Snyder get rich?

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He made his money in marketing. Here's a good resource - http://en.wikipedia.org/wiki/Daniel_Snyder

Before purchasing the Redskins, Snyder made most of his money in his quest to build his marketing company, Snyder Communications. Snyder Communications was later sold to the Havas group in the largest transaction in the history of the advertising/market industry. He is currently the Chairman of the Board of Ventiv Health, and is actively involved in several other organizations.

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You know those phone calls you get at dinner time trying to sell you long distance? There's your answer.

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With a loan from Daddy of course...

http://www.chibus.com/media/paper408/news/2004/10/28/GsbNews/Evc-Lines.Up.Dan.Snyder.As.Luncheon.Keynote.For.November.12.Conference-785894.shtml?norewrite200603211714&sourcedomain=www.chibus.com

Actually it was Mort Zuckerman....

"I amgoing to be great businessman, one of the great entrepreneurs," said Dan Snyder to his best friend, Tony Roberts, during their high school years.

Money mesmerized Dan Snyder and school was "unimpressive!" So, at 14, Dan Snyder took his first job at B. Dalton bookstore. By age 17 he was reading the Wall Street Journal, and by age 20 he was running his own business, leasing jets to fly college students to spring break in Fort Lauderdale and Caribbean. Dan Snyder says he cleared $1 million running business out of his parents' bedroom with one friend and couple of phone lines.

Of course, somewhere in there, he got really bored with school and quit. "He never dropped in enough to be a dropout," his father recalls, and Dan Snyder says, "Some people who are no longer my friends tried to give me bad advice to be a normal person, a normal student. I ventured out to be different."

And different he was! "A natural businessman," according to his father. At the age of 23, Snyder laid-out plan for a new campus magazine all over his floor. Even more surprising to his father was young "Danny" getting an office and publishing first issues. In 1986, Snyder learned about Mortimer B. Zuckerman whose US News & World Report was also interested in college market.

Snyder began calling, calling, and calling. Eventually, Snyder's persistence paid off, and he got into Zuckerman's office. Zuckerman remembers that Snyder lied and said that he was 25, as if 25 was that much older.

Zuckerman and Fred Drasner, co-publisher of Zuckerman's New York Daily News, put nearly $3 million behind Campus USA. But it wasn't enough to float a loser.

Soon, Snyder's magazine reached more than 500 campuses. Circulation kept growing, but advertising revenue kept declining. Snyder lost all $3 million and even had his sports car seized by D.C. Bank.

Unfazed by failure, Snyder formed his next venture, Snyder Communications, to climb out of the hole. He started this marketing company because advertising executives at companies such as Procter & Gamble and Kellogg wanted to know if Snyder could distribute product samples. Could he do market testing? Snyder said, "Sure. Absolutely. Not a problem!" even though he'd never done it before.

Snyder even got Zuckerman and Drasner, whose $3 million he had just lost, to invest in him again. "What made me decide I wanted to invest in him and be a partner when he was just 22 or so was that he was a `PSD' -- Poor, Smart and Desperate to be rich" recalls Redskins minority owner Fred Drasner, a publishing magnate who helped arrange financing for Snyder's first huge business success. "He was the ultimate PSD who wanted nothing more in life than to succeed. That kept you with him even in the tough times. He would go 24 hours a day, fly to three cities a day. He could not allow himself to lose. He wanted OUT."

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With a loan from Daddy of course...

Actually, wrong. Snyder came from a middle class family of modest means. He had family support, but his wealth is self-made.

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My buddies at school and I were wondering how he made his cash?

when he was younger he robbed the bank lol :laugh:

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Actually, wrong. Snyder came from a middle class family of modest means. He had family support, but his wealth is self-made.

Daddy funded his first venture which he started in his dorm room....

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My buddies at school and I were wondering how he made his cash?

He borrowed A LOT of money from Mort Zuckerman and the only way he could repay him was to raise ticket prices 40% and charge $35 to park your ride....

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7$ beers

4$ hotdogs

Yeah..no kidding...I'll have to do some maneuvering to get under the cap so that I can afford to buy the $10 beers this coming season...

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7$ beers

4$ hotdogs

:mad: dont forget about $300 jerseys.

I always brought the authentic jersys and Lavar will be my last. I will buy a $60 Tshirt instead. :doh:

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:mad: dont forget about $300 jerseys.

I always brought the authentic jersys and Lavar will be my last. I will buy a $60 Tshirt instead. :doh:

an authentic t-shirt or a replica?

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Obviously he sold his soul to the devil in order to pony up the $700 milly he paid for the Skins.

Little known Skins fact: To this day Satan still gets 10% of the gate and all of the parking revenue.

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Obviously he sold his soul to the devil in order to pony up the $700 milly he paid for the Skins.

Little known Skins fact: To this day Satan still gets 10% of the gate and all of the parking revenue.

Let's be real...since NFL rules prohibit one entity from owning more than one team, that obviously can't be true. We all already know Satan is a silent partner in Dallas.:doh:

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Didnt you know he was the dude "Tatoo" from the "Fantasy Island" show?

Good One :laugh::laugh: :applause::applause:

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