Washington Commanders owner Dan Snyder sexually harassed a team employee and oversaw team executives who deliberately withheld millions of dollars in revenue from other clubs, and he has agreed to pay a $60 million fine, the league announced Thursday.
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 for a record $6.05 billion. The fine represents 1% of the sale price; Snyder bought the team, then known as the Redskins, for $800 million.
The investigation was led by former Securities and Exchange Commission chair Mary Jo White and conducted by her law firm, Debevoise & Plimpton. The league had pledged to make the findings of the probe public.