NFL Responds to Congress’s Letter on Commanders’ Financial Conduct

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NFL Responds to Congress’s Letter on Commanders’ Financial Conduct
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Lawmakers sent a letter to the Federal Trade Commission concerning the financial conduct of the Commanders and Dan Snyder

to the Federal Trade Commission , which asserted that Washington and co-team owner Dan Snyder “may have engaged in a troubling, long-running, and potentially unlawful pattern of financial conduct that victimized thousands of team fans and the National Football League.”, included testimony from former Washington sales executive Jason Friedman. Some of the instances cited are as follows.

Alleged misappropriation of funds, specifically withholding customers’ security deposits on premium seating and using the money for other purposes, that totaled “approximately $5 million” from “around 2,000 accounts.” Ticket revenue, which is supposed to be shared with the league, was underreported. Friedman said “the team maintained ‘two sets of books’—one that was shared with the NFL but underreported certain ticket revenue, and another internal set of books that included the complete and accurate revenue and was ‘shown to Mr. Snyder.

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