NFL OWNERSHIP: REDSKINS SOLD TO 34-YEAR-OLD.Byline: Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. The price was $800 million, the highest for a franchise in sports history. A heavy tab for a 34-year-old lifelong Washington Redskins But Daniel Snyder, a communications mogul and college dropout (1) On magnetic media, a bit that has lost its strength due to a surface defect or recording malfunction. If the bit is in an audio or video file, it might be detected by the error correction circuitry and either corrected or not, but if not, it is often not noticed by the human , finally got what he wanted Tuesday - ownership of one of the league's premier teams. ``Wow!'' exulted Snyder after receiving unanimous approval from NFL NFL abbr. National Football League NFL (US) n abbr (= National Football League) → Fußball-Nationalliga club owners. ``It's been an unbelievable journey.'' In a league long ruled by old money, he becomes the youngest among the league's current owners. The 31 owners accepted his record bid in the only action taken at the start of two days of meetings. Twenty-four votes were needed to approve the sale, which includes the new Jack Kent Cooke Jack Kent Cooke (25 October, 1912 – 6 April, 1997) was a Canadian-American entrepreneur who became one of the most widely-known executives in North American professional sports. Stadium. Approval was widely expected following last week's endorsement by the NFL's finance committee. Snyder had been a junior partner to Howard Milstein in a previous bid to buy the team from the trustees of the late Jack Kent Cooke. When Milstein pulled out after it became clear he couldn't win support from other owners, Snyder went his own way. He brought in Fred Drasner and Mort Zuckerman, co-owners of the Daily News in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Snyder's bid was the same as Milstein's. But he backed it with a $300 million down payment that sold the rest of the owners. The previous high price for a franchise was the $550 million Al Lerner paid for the new Cleveland Browns, who will begin playing in September as the NFL's 31st team. The Redskins Redskins can refer to:
Cooke's son, John, was one of the bidders when Milstein got the franchise. When Milstein dropped out, he sued John Cooke and general manager Charley Casserly. ``This has been a long goodbye,'' Cooke said in a team statement. ``As disappointing as it has been, it has also been very gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to hear how much my family has meant to the National Football League and Redskins fans.'' Snyder has said that for this season he will retain Casserly and coach Norv Turner. He also expects to hire a team president soon but not necessarily someone from football. However, one of those mentioned is former Miami coach Don Shula. CAPTION(S): Photo Photo: DANIEL SNYDER He swayed the NFL with a bid that included less debt than an earlier one that the league rejected. |
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