Anonymous wrote:https://www.espn.com/nfl/story/_/id/35726691/former-partners-say-dan-snyder-used-team-fund-lifestyle-took-improper-loan-their-approval
What’s funny is that the loan size is about the same as what Synder paid for his new house in VA: $55 million. And it comes at about the same time too.
But, there’s a lot of sour grapes in that article but no reporting that even rises to an allegation of illegal activity, which is that the team lied to secure the loan. It says that BoA requested the documentation. It says that WFT lawyers eventually told BoA the documentation did not exist. What it doesn’t say is what representations the team made to BoA about the documentation. It makes a difference if they said “we have it and will send it right over” versus “we are working on it and will send it asap, but please approve the loan anyway”.
Did Synder misuse and waste team resources. Clearly. As majority owner, did he have the discretion to do so? Also yes. These guys were just mad because he big dogged them and was making them out for chumps.