Rumors circulating about Jeff Bezos buying the team

[Schneed10]

Originally Posted by EdmundDorf

I sort of think that they decided to sell when Tanya got booed at one the games or events. Seems like the timing fits. Can you imagine the backlash if after dangling the prospect of a sale Dan then backs out. Mob would burn Fedex to the ground, which lets face it wouldn't be a bad outcome. Still think he is selling though, other things have been put in motion. House sale, move to London etc.

That's just a coincidence. The financial investigation was announced on the morning of Nov 2nd. The team announced later that day that it was hiring Bank of America to explore a sale. It's all tied together.

- he has no cash flow to support his lavish lifestyle

- so he took a $55M loan without his partners' consent, which is against the by-laws

- he committed bank fraud by representing to the bank that he had that consent and secured the $55M loan

- the information alleged that Dan has been inappropriately taking money from the team, a claim to which the minority owners all waived their rights to when they sold their stake. But the other NFL owners won't take kindly to this either. You can make the shield look bad but if you start doing untrustworthy things with money they'll look at you as a risk.

- With the information coming to light, the other owners all know how cash-poor Snyder is, which means they know he has no shot of securing a stadium, which they all want because of the revenue boost and valuation boost it represents for the whole league. Ergo, Snyder becomes even more useless to the other owners when it comes to contributing to the future bottom line of the NFL.

So even if Snyder didn't have to sell because he can't meet his debt payments, the other owners will force him out because he's a liability and useless with respect to growing the business.

Has nothing to do with how Tanya is received, Dan only cares about money. He has none, he's in a billion worth of debt, and he has no prospects to help the NFL advance itself. He's both useless and a problem. He's good as gone.