Daniel Snyder has reportedly bought out the minority owners of the Washington Football Team after the move was unanimously approved by NFL owners, according to ESPN and The Washington Post. This comes one week after it was reported that Snyder was planning on making the move.
Snyder reportedly bought the remaining 40.5% of the team from minority investors Fred Smith, Dwight Schar and Robert Rothman. The $875 million sale and $450 million waiver were both approved by the NFL.
Snyder needs to repay the debt by 2028, according to ESPN.