Dan Snyder has retained BofA Securities to promote the Washington Commanders, sources inform Forbes.

In line with an individual conversant in the method, Snyder already has no less than 4 calls from teams enthusiastic about shopping for the staff. Snyder and his bankers are exploring all choices, and a transaction could possibly be for your complete NFL staff or a minority stake.

Neither the Commanders nor Financial institution of America, which has dealt with such notable staff gross sales as the acquisition of the Los Angeles Clippers by Steve Ballmer in 2014, would remark.

In March 2021, Snyder and his household obtained 100% management of the Commanders when he purchased out his minority companions. It was a savvy transfer by Snyder because the values of NFL groups have gone nowhere however up.

Within the newest deal for a staff, Rob Walton, the retail inheritor, bought the Denver Broncos for $4.65 billion in early August. Later that month, Forbes valued the Commanders at $5.6 billion, sixth among the many league’s 32 groups. Snyder additionally owns FedEx Subject and the 264 acres round it, in addition to 150 acres on the staff’s headquarters in Ashburn, Virginia.

Because the membership has rebranded from the Redskins to the Commanders, income has elevated sharply. Staff sponsorship income is surging 40% this season over 2021, and the staff landed its richest sponsorship deal ever with SeatGeek.

The Commanders, among the many most iconic groups in North America because of their lengthy historical past and geographical location, have had solely three house owners since becoming a member of the Nationwide Soccer League in 1932 because the Boston Braves. The Commanders are additionally engaged on discovering a location for a new stadium, which may doubtlessly be prepared in 5 – 6 years.