Snyder's ownership of the team was marred by the enablement of a toxic workplace culture, as well as financial improprieties such as withholding security deposits from season ticket holders and paying hush money to accusers.

Growing pressure from other NFL owners, amid investigations by the U.S. Congress and other government agencies, led him to sell the team to an investment group headed by Josh Harris for $6.05 billion ($5.99 billion after an NFL-imposed $60 million fine at the time of sale[1]), the largest transaction ever for a sports franchise.

[4] Snyder became the youngest CEO of a New York Stock Exchange listed company at the age of 32 when it underwent an initial public offering in September 1996.

[11] His top investors, including media mogul Barry Diller and Robert Strauss, earned significant returns on their initial investment.

[4] In April 2000, Snyder Communications was sold to the French advertising and marketing services group Havas in an all-stock transaction valued at in excess of US$2 billion.

[19][20] Due to financial issues and increasing pressure from the NFL and other parties, he hired BofA Securities to explore possible sale transactions in November 2022.

[21] Snyder began negotiating with a group led by private equity investor Josh Harris in April 2023,[22] with an agreement being reached in May to sell the franchise for $6.05 billion, the highest price ever for a sports team.

[24] He formerly served on the NFL's broadcast, business ventures, digital media, international, stadium, and Hall of Fame committees.

[33] Also in July 2006, Snyder and other investors signed a deal to provide financing to the production company run by Tom Cruise and his partner, Paula Wagner.

[35] In February 2007, it was announced that Snyder's private equity firm Red Zone Capital Management[4] would purchase Johnny Rockets, the 1950s-themed diner chain.

The production company financed the 2024 film The Apprentice, which is a portrayal of Donald Trump early in his business and real estate career in New York City.

[46] The media alleged that his managerial style and workplace culture directly affected the team's performance during his tenure as the principal owner.

A pitched public relations battle in 2013 and 2014[59] led Snyder to employ crisis management and PR firms in an effort to defend the name.

[59] Following renewed attention to questions of racial justice in wake of the George Floyd protests in 2020, a letter signed by 87 shareholders and investors was sent to team and league sponsors Nike, FedEx, and PepsiCo urging them to cut their ties unless the name was changed.

[82][83] In July 2020, The Washington Post published a series of articles alleging that over 40 women who were former employees of the organization, including office workers and cheerleaders, had been sexually harassed and discriminated against by Snyder and other male executives, colleagues, and players of the team since at least 2006.

Two private investigations at the time, hired by the team and an outside law firm, failed to substantiate the woman's claim, and it was reported that Snyder paid the sum to avoid any negative publicity.

[86] A year-long independent investigation into the team's workplace culture, led by lawyer Beth Wilkinson, was concluded in July 2021.

[88] On July 28, 2022, Snyder voluntarily testified before the United States House Committee on Oversight and Reform regarding its own investigation on Washington's history of workplace misconduct.

[89][90] Following a 14-month probe, the Oversight and Reform committee published a report in December 2022 that found that Snyder gave "misleading" answers when he testified about his team's workplace issues.

[91] The report also accused Snyder of paying former employees hush money so they would not come forward with their allegations of abuse, which included "sexual misconduct, exploitation of women, bullying of men, and other inappropriate behavior," describing it as "commonplace, and that he was a hands-on owner who had a role in nearly every organizational decision.

[94] On April 12, 2022, the Committee sent a letter to the Federal Trade Commission alleging Snyder had been keeping two separate financial ledgers since at least 2012: one that he would submit to the NFL and one that showed the actual numbers, which were much different.

[95] A criminal inquiry by the Attorney's Office for the Eastern District of Virginia alleged that Snyder possibly committed bank fraud after learning he was granted a $55 million line of credit in November 2018 without the knowledge and permission of the team's board of directors.

[96] In October 2022, attorney general of Washington, D.C. Karl Racine filed a consumer protection lawsuit against Snyder and the NFL.

[97] The criminal inquiry began after the US House Committee on Oversight and Accountability sent a letter to the Federal Trade Commission detailing that it had found evidence of deceptive business practices over the span of more than a decade, including withholding ticket revenue from visiting teams and refundable deposits from fans.

[98] A $55 million loan became the primary focus of federal prosecutors, which initially was discovered as a footnote in an April 2020 financial report.

[107] Snyder has been a long-time supporter of Youth For Tomorrow, an organization founded by former Redskins head coach and Pro Football Hall of Famer Joe Gibbs.

[110] In 2014, Snyder formed the Washington Redskins Original Americans Foundation to provide opportunities and resources to aid Tribal communities.

[113] He contributed $100,000 to Donald Trump's 2020 presidential campaign and $300,000 to humanitarian aid organizations for people affected by the Russian invasion of Ukraine in 2022.

[116] The ACS plans to sell the property and use the proceeds to support its mission of improving the lives of cancer patients and their families.