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Big Law

Owner of Washington Commanders Hires Bank of America

Washington Commanders owner Dan Snyder has hired Bank of America to explore “potential transactions,” the team said Wednesday.

The NFL team hired the bank to help facilitate a potential sale, according to a person familiar with the matter.

Snyder isn’t being forced to sell the team despite mounting pressure to potentially remove him as an NFL owner, the person said. Snyder and the Commanders are currently being investigated by both the House Oversight Committee and the NFL for sexual harassment and financial misconduct. The NFL’s probe is being led by former Securities and Exchange Chair Mary Jo White.

Read the source article at cnbc.com

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