Reports indicate a sale of the Washington Commanders is imminent but Dan Snyder might not get to enjoy the proceeds if the FBI and the IRS have their way.
According to an exclusive from Front Office Sports, the feds have evidence against Snyder obtained from investigators who were operating as imposters, though that evidence may have been obtained illegally.
The publication notes that a former SEC chief, Mary Jo White, had discovered more financial discrepancies than have been reported up to this point. There’s also the matter of the $55 million loan Snyder took absent the knowledge of his former co-owners, while the NFL is said to have enabled his buying them out by approving a $450 million debt waiver two years ago.
Per the report:
“Some of that could be linked to evidence that Congress did not release last year, including the use of attorneys and investigators acting as impostors to — potentially illegally — gather info from multiple people.”
The Commanders are alleged to have used two different books containing financial data while holding back ticket revenue from the league, causing the House Oversight Committee to send the Federal Trade Commission letter citing a “troubling, long-running, and potentially unlawful pattern of financial conduct” by the NFL team.
But the accusations were knocked back in a statement branding them “uncorroborated and implausible” in a statement at the time.
Snyder is seeking assurances that the league will provide indemnification as a condition for selling the Commanders. But it’s unlikely they’ll be able to protect him from the FBI, and they definitely won’t be able to shield him from the IRS should they come knocking.WANT MORE FROM TOTALPROSPORTS? FOLLOW US ON GOOGLE NEWS.