Key takeaways:
- Dan Snyder has been fined $60 million after an independent investigation determined he had sexually harassed a team employee and overseen team executives who deliberately withheld millions of dollars in revenue from other clubs.
- The NFL released a 23-page report detailing the findings of the investigation.
- The NFL has made it clear that it will not tolerate any form of misconduct from its owners and that it will take swift and decisive action when necessary.
The NFL announced Thursday that outgoing Washington Commanders owner Dan Snyder has been fined $60 million after an independent investigation determined Snyder had sexually harassed a team employee and overseen team executives who deliberately withheld millions of dollars in revenue from other clubs.
The NFL released a 23-page report detailing the findings of an independent investigation into Snyder’s conduct just minutes after its owners unanimously approved the sale of the Commanders to Josh Harris. The investigation was led by former Securities and Exchange Commission chair Mary Jo White and conducted by her law firm, Debevoise & Plimpton.
The report determined that Snyder had sexually harassed a team employee and that executives under his leadership engaged in financial misconduct. The NFL said in a news release that Snyder “will pay $60 million to the league in resolution of Ms. White’s findings and all outstanding matters.”
The news comes on the same day Snyder’s fellow NFL owners unanimously approved his $6 billion sale of the franchise to a group led by Philadelphia 76ers owner Josh Harris.
The NFL has made it clear that it will not tolerate any form of misconduct from its owners and that it will take swift and decisive action when necessary. This hefty fine is a reminder that the league is serious about its commitment to upholding the highest standards of conduct.
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