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Koolblue13

By Koolblue13
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HigSkin

HigSkin

Posted
Posted (edited)
20 minutes ago, Andre The Giant said:

 

 

Here's the kicker that bugged me about that whole civil suit timing...

 

One potential obstacle is the consumer protection lawsuit filed last week in the civil division of the D.C. Superior Court against Snyder, the Commanders, the NFL and Goodell by the office of Karl A. Racine, the District’s Democratic attorney general. Racine’s office said last week that the defendants “could face millions of dollars in penalties.”

 

Some familiar with the situation said they believe those issues could take six to 12 months to resolve. That is not the only legal action that is likely to complicate any sale. Investors are aware that other lawsuits could arise from ongoing investigations into the team.

 

 

Edited by HigSkin
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Skinsinparadise

Skinsinparadise

Posted
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One person with knowledge of the process expressed the belief that until a few weeks ago, Snyder had planned to sell only a minority share of the team but now realizes that he must sell the entire franchise. He is facing a considerable debt burden, and the team is seeking to build a new stadium to replace 25-year-old FedEx Field, routinely ranked by fans as among the NFL’s worst venues.

But according to several people with knowledge of NFL transactions, Snyder will struggle to find an investor willing to pay $1 billion to $2 billion to be his junior business partner unless he is willing to guarantee an opportunity to “buy him out” and become the full or principal owner at a future date.

 

https://www.washingtonpost.com/sports/2022/11/17/washington-commanders-sale-jeff-bezos/

13 minutes ago, HigSkin said:

 

Here's the kicker that bugged me about that whole civil suit timing...

 

One potential obstacle is the consumer protection lawsuit filed last week in the civil division of the D.C. Superior Court against Snyder, the Commanders, the NFL and Goodell by the office of Karl A. Racine, the District’s Democratic attorney general. Racine’s office said last week that the defendants “could face millions of dollars in penalties.”

 

Some familiar with the situation said they believe those issues could take six to 12 months to resolve. That is not the only legal action that is likely to complicate any sale. Investors are aware that other lawsuits could arise from ongoing investigations into the team.

 

 

 

This part plays into Gutman's complaint which is the DC lawsuit in his mind decreases the changes (not helps) that Dan sells or at a minimum complicates it.

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BringMetheHeadofBruceAllen

BringMetheHeadofBruceAllen

Posted
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https://bleacherreport.com/articles/10055935-report-commanders-dan-snyder-realizes-that-he-must-sell-the-entire-franchise

 

Report: Commanders' Dan Snyder 'Realizes That He Must Sell the Entire Franchise'

Washington Commanders owner Daniel Snyder reportedly "realizes that he must sell the entire franchise" after originally aiming to sell a minority stake in the NFL organization.

 

Liz Clarke, Roxanne Roberts, Mark Maske and Nicki Jhabvala of the Washington Post reported Thursday that Snyder's stance has changed in recent weeks amid an increasing debt burden and pressure to finalize plans to build a new stadium.

Snyder and his wife, co-owner Tanya Snyder, announced in early November they'd hired Bank of America Securities to "consider potential transactions" involving the franchise.

 

The Snyders, who've owned the Commanders since May 1999, were aiming to find a partner willing to make a financial investment, but sources told the Washington Post they're unlikely to find a buyer without giving them a guarantee to purchase controlling interest in the future.

Snyder must also repay a $450 million debt waiver given to him by the league in 2021, when he bought out the previous group of minority investors to claim 100 percent ownership of the franchise, by 2028, which is where the debt burden comes into play.

 

It's created a situation where a full sale, which would allow him to clear the debt, is the most likely scenario.

 

Forbes estimated the Commanders' worth at $5.6 billion in its 2022 team valuations, which represented a 33 percent increase from last year.

In May, the franchise purchased 200 acres of land in Virginia for $100 million as a potential site of a future $3 billion stadium project.

 

The stadium plans haven't been finalized or approved, however, which means a sale in the short term would allow the Snyders to avoid having to make any private investment in the project.

 

Don Van Natta Jr. of ESPN also reported the U.S. Attorney's Office in the Eastern District of Virginia opened an investigation in early November into alleged financial improprieties based on information unearthed during the Oversight Committee's investigation.

 

Edited by BringMetheHeadofBruceAllen
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JamesMadisonSkins

JamesMadisonSkins

Posted
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There's plenty of smoke to indicate the fire that is Bezos being the ultimate owner. I just don't know how anyone else vying for the team can compete, and it appears as though they recognize that. Hopefully Bezos, Jay-Z, Matthew M. and company all come to the table with fists of money and it's over before there's even a contest.

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FootballZombie

FootballZombie

Posted
Posted

 

 

 

3 hours ago, Andre The Giant said:

 

 

Not to add to the conspiracy theory but this is literally WaPo telling the world that Daddy Bezos' "interest" could make this a formality and not an auction, and then the idea is quickly picked up and referenced by national outlets regurgitating that this could cause other buyers to tap out and give Big-B what he wants with less competition...

 

That's a nice use of a company you bought right there lol.

 

Seriously, even if what is said is true and it is what a lot of us have been saying (if he truly wants it, who could stop him?) that WaPo article has gotta be an eyebrow raise moment.

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NewCliche21

NewCliche21

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45 minutes ago, shemp nixon said:

Trying to stay medium here, but it does feel like we are in the endgame with the sale of this team. And the cherry on top is the team is starting to find itself on the field, young talent emerging.

 

Found the guy who has never seen us blow a lead with no time left in the 4th.

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JSSkinz

JSSkinz

Posted
Posted (edited)

So the AG is going to use this suit and it's ability to delay the sale as leverage to speed up the settlements that need to be paid to the victims? Is this how everyone else is seeing it?

 

This is basically what Gutman said would happen.

Edited by JSSkinz
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FootballZombie

FootballZombie

Posted
Posted (edited)
24 minutes ago, Captain James said:

Uh oh. If Bezos instructs his staff to call him "daddy," that's not going to go over well here...

 

Hey, let it be known that "Daddy" is fully capable of buying my love.

 

If he wants to kick in the front door Christmas morning with a new game console slung over one shoulder while wheeling in a Huffy there is almost nothing my feeble little brain could do to not attach artificial feelings of connection. I'd be at his mercy.

Edited by FootballZombie
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Skinsinparadise

Skinsinparadise

Posted
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20 minutes ago, JSSkinz said:

So the AG is going to use this suit and it's ability to delay the sale as leverage to speed up the settlements that need to be paid to the victims? Is this how everyone else is seeing it?

 

This is basically what Gutman said would happen.

 

Yeah I hope the AG gets some grief from Commander fans constituents.  This dude arguably is getting in the way of getting Dan out. 

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TD_washingtonredskins

TD_washingtonredskins

Posted
Posted (edited)
4 hours ago, FootballZombie said:

 

 

 

 

Not to add to the conspiracy theory but this is literally WaPo telling the world that Daddy Bezos' "interest" could make this a formality and not an auction, and then the idea is quickly picked up and referenced by national outlets regurgitating that this could cause other buyers to tap out and give Big-B what he wants with less competition...

 

That's a nice use of a company you bought right there lol.

 

Seriously, even if what is said is true and it is what a lot of us have been saying (if he truly wants it, who could stop him?) that WaPo article has gotta be an eyebrow raise moment.

Synergy!

Edited by TD_washingtonredskins
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