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NFL owners OK Snyder's $800 million bid for Redskins

Published on .

Dan Snyder, Mort Zuckerman and Fred Drasner--already major players in the communications field--are about to take the field with the National Football League. NFL owners today unanimously approved the sale of the Washington Redskins to Mr. Snyder, CEO of Snyder Communications, Bethesda, Md., and a group that includes U.S. News & World Report Chairman and Editor in Chief Mr. Zuckerman and Co-Chairman Mr. Drasner. Mr. Snyder owns a number of agencies including Arnold Communications, Boston. Messrs. Zuckerman and Drasner also were early investors in Snyder Communications. At age 34, Mr. Snyder will become the youngest owner of an NFL franchise. The $800 million purchase price is the largest for any sports franchise in North America.

Copyright May 1999, Crain Communications Inc.

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