Washington Football Team owner Dan Snyder will gain almost complete control of the franchise after the NFL's finance committee cleared the way for him buying out his minority investors.
The NFL finance committee approved Snyder's application for a $450 million debt waiver, an NFL spokesman confirmed. The other owners will vote at the league's annual meeting next week on whether to approve the deal. Snyder needs 24 of the 32 owners to vote in favor of the transaction. The news was first reported by Tyler Dunne of GoLongTD.com.
This move does not impact the independent investigation into the franchise by attorney Beth Wilkinson.