Roger Goodell Behind Dan Snyder’s Bargain Buy Out Of Washington Football Team [Forbes]
John Wiley & Sons, Inc. (JW.A)
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Source: Forbes
Owner Daniel Snyder of the Washington Redskins looks on before the game against the Minnesota... [+]Vikings on September 11, 2006 at FedExField in Landover, Maryland. (Photo by Rob Tringali/SportsChrome/Getty Images)Dan Snyder should send NFL commissioner Roger Goodell a bouquet of flowers.Snyder, who currently owns 59.5% of the Washington Football Team, ison the vergeugly legal battleSnyder is going to pay about $900 million (the final price has not been set) for the combined 40.5% of the team owned by Dwight Schar, Robert Rothman and Frederick Smith.According to the NFL executive familiar with the deal, Snyder initially did not want to buy out his limited partners. The LPs have no say in how the team is run, and Snyder will have to borrow about half the $900 million, according to the NFL executive. The Washington Football Team already has between $300 million and $350 million of debt, according to a person familiar with its books.Meanwhile, the LPs had no great incentive to do a dea
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