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Jerry Jones believes Daniel Snyder is ‘testing the waters’ regarding possible Commanders sale

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Even during a week in which we saw more fixed-term trades than in any other year in history, perhaps the most important news of the week came from Washington. Commanders owner Daniel Snyder announced Wednesday that the family has hired Bank of America Securities to review “potential deals” revolves around the franchise, which reportedly includes possibly selling a minority stake or putting an entire team up for sale.

In response to the news that Snyder was looking into selling some or all of the Commanders, Cowboys owner Jerry Jones told 105.3 The Fan that he was not surprised that Snyder was “thinking about how to manage the economic resources” of the team.

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“I don’t think I was necessarily surprised because he recently acquired a very significant part of the team, 40% from his other partners,” Jones said via Athletic. “And at the same time he is building a new stadium. Acquiring a share of the partnership, as well as building a new stadium, will require huge economic resources, almost unthinkable economic resources.

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“So this is the time when you sit down and start, so to speak, noodles, or trying to figure out how you are going to get there and how you will look when you get there. So it’s not. It doesn’t surprise me that he has created time for real, real planning or real thinking about how to manage the economic resources needed to be where we want the Washington team to be.”

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Jones was then specifically asked if he believed Snyder was more likely to sell a minority stake in his team rather than give up the franchise entirely.

“It looks like I’m saying this, but what I’m really saying is that I bet all the options are on the table and then you see what might be possible,” he said. “And that’s what I think this exercise is. Let’s take a look and see what options we have. See what is of great interest, what makes the most sense in their case for the Snyders, and then you go from there. thing to sit there at your desk and make all your plans and figure out how you’re going to make it financially. But you’re in the mirror, in this case, you need more, and it’s a third party, so it’s missing the water test.” .

Of course, this is all because Snyder has recently become a lightning rod for controversies headlined by alleged workplace misconduct. The news also comes from Colts owner Jim Irsay, who said: “there is merit” to the removal of Snyder as owner because of all his scandals.




Source: www.cbssports.com

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