Jerry Jones Says Daniel Snyder Is ‘Testing the Waters’ About Selling Commanders

 On Wednesday, Commanders owner Daniel Snyder stated that the family has hired Bank of America Securities to investigate “possible transactions” involving the franchise.

 which apparently includes selling a minority stake or selling the entire team.

Cowboys owner Jerry Jones said to a reporter that he isn’t shocked that Snyder is “looking about how to handle the economic resources” of the team. 

and in response to the report that Snyder is considering selling a portion or all of the Commanders.

“he’s considering building a new stadium,” Jones told the reporter

Also read : Report: Byron Allen to Bid on Commanders Sale; Would Be Nfl’s First Black Owner

“I’m not shocked because he recently purchased a very large chunk of the team, 40% from his other partners,” Jones told The Reporter.

 “At the same time, he’s considering building a new stadium.”

 The acquisition of the partnership interest, as well as the construction of the new stadium, will necessitate enormous economic resources, almost unimaginable economic resources.

“And so this is when you sit down and start noodling or trying to figure out how you’re going to get there and what you’re going to look like when you get there.” 

So it’s not surprising that he set aside time for “serious, real planning or really thinking about how to manage the economic resources required to get the Washington squad where we want it to be.”

Jones was then questioned if he believes Snyder is more likely to sell a part of his team

Jones was then questioned directly if he believes Snyder is more likely to sell a minority part of his team rather than divest himself entirely from the property.

“It seems like I’m saying that, but what I’m really saying is that I bet all alternatives are on the table, and then you see what might be achievable,” he explained.

 “And I believe that is what this practice is. Let’s have a look at our possibilities here. 

See what piques their attention, what makes the most sense in their circumstance, to the Snyders, and then proceed from there.

 It’s one thing to sit at your table and make all your plans and figure out how you’re going to get everything done financially. 

But you, in this case, need more, and that’s a third party, so he’s out there testing the waters.”

Of course, this comes at a time when Snyder has been a lightning rod for controversy, with allegations of workplace misbehavior at the forefront.

This report comes on the heels of Colts owner Jim Irsay claiming “there’s merit” to replacing Snyder as the owner because of his numerous controversies.