Says the New York Times:
The NFL owners next week are expected to approve a special waiver that would allow the owner, Daniel Snyder, to take on an additional $450 million in debt in order to buy out minority partners he has been battling, according to a copy of the resolution reviewed by The New York Times.
The NFL’s finance committee last week unanimously recommended that the full cohort of owners waive the limit of debt a buyer can take on to buy into a team. Snyder will have to repay the money by March 2028.
Support for Snyder’s purchase comes as the NFL’s investigation into sexual harassment claims made against former Washington Football Team executives concludes.
In the coming days, Commissioner Roger Goodell may address the findings collected by Beth Wilkinson, a Washington-based lawyer whom Snyder hired last summer to investigate after several Washington Post articles reported widespread sexual harassment of women who worked for the team over a 15-year span. The NFL took over her investigation from Snyder.
Snyder will pay $875 million for the remaining shares held by three limited partners in the team, ensuring his total control of the franchise he bought a majority stake of in 1999. https://t.co/WfAKTuZcKi
— NYT Sports (@NYTSports) March 24, 2021