Dan Snyder Hires Bank of America to Explore Selling Redskins

Washington Commanders owner Dan Snyder has hired Bank of America to “consider potential transactions” regarding team ownership.

The scandal-ridden owner confirmed in a statement on Wednesday a report from Forbes that the bank had been hired to handle selling the team, if he chooses to do so.

“Dan and Tanya Snyder and the Washington Commanders announced today that they have hired BofA Securities to consider potential transactions. The Snyders remain committed to the team, all of its employees and its countless fans to putting the best product on the field and continuing the work to set the gold standard for workplaces in the NFL,” the statement said.

Snyder has been under pressure to sell the team amid reports of allegations of a toxic work environment, among other problems with the organization.