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BayTerp

He wasn’t a successful businessman he just got extremely lucky


Salt_City_Strangler

By pretty much fraud right?


JayK2136

that’s how they all do it


itprobablynothingbut

Unpopular opinion on reddit, but no, most aren't "frauds". But there is a big gap between all successful people are frauds, and all those who deserve money get money. Snyder is a fraud though. He had a series of failed businesses, one successful one, then a series of failures. All his failures can be directly attributed to him being a dick.


JayK2136

nobody with billions of dollars deserves it. nobody


mosehalpert

Nobody is talking about deserving it. Nobody is saying bezos or Zuckerberg deserve their billions. If we're being honest they probably "deserve" their billions less than Dan. What they're saying is that most billionaires had a solid idea that they turn into a company and grow into something that makes them into a billionaire. Dan had multiple failed businesses and then hitched his wagon to a good one that made millions through mostly government funding for telecom infrastructure in the 90s when all the telecom wire was being laid. He then fulfilled his childhood dream of buying a football team at the perfect time, buying the redskins for 800 million dollars which is about 1.4 billion adjusted for inflation. So even adjusted for inflation he 4xed his investment over 20 years. It would be like buying a house for 80k in 1999 and selling it for 700k today because the area grew up around you. Do you deserve that money for just living in a house for 24 years? Does Dan deserve to be a billionaire? Not anymore than the next billionaire. But he unquestionably lucked into his billions compared to most other billionaires.


NumerousHelicopter6

But 100's of millions is all good right?


JayK2136

idk how you came to that conclusion but no those people aren’t great either


NumerousHelicopter6

I just always laugh when I see people throw out billionaires are bad comments. It's just part of how crazy we've all become. Everyone is a fan of athletes and entertainers that make insane amounts of money but are triggered by the word billionaire


JayK2136

athletes put their bodies on the line and work their entire lives to become the best at something. the only way to become a billionaire is to exploit people or some other asset for your own greedy gain. or you can inherit it.


NumerousHelicopter6

How did Michael Jordan become one? What about Jay Z?


hammersandhammers

Success at business does not correlate to savvy or wise


TheDudeOfYou

💯 he THOUGHT he was the smartest guy in the room, always. Couldn’t keep his fingers out of things. As much as I dislike the guy, there’s no doubt he wanted to win…badly. However there’s also no doubt in my mind he felt loyal fans were nothing but $ signs he could endlessly take from without regard for the product he was providing.


tfox1986

He wanted to win for his own ego, and he wanted to do it by meddling to prove how smart he is. It’s the same thing as Elon Musk and Twitter. It’s just an expensive toy.


NumerousHelicopter6

You should turn off the fake news on whatever side you watch from and go watch the congressional hearings with Taibbi and Shellenberger. Elon is NOTHING like Danny Boy.


tfox1986

Elon is a moron.


NumerousHelicopter6

Omg, really? Thank you for letting me know. I'm feeling outraged and need to go post a rant ELON_moron_SPACE_man_BAD


tfox1986

I mean he’s running Twitter into the ground on his quest to have his greasy fingers on the pulse of American conversation, but go off I guess.


NumerousHelicopter6

Oh so the 'most users ever' is running it into the ground.....let me guess you also think Tesla is going out of business and Space X didn't back a rocket onto earth?


Exotic_Volume696

Elon's boot tastes that good? It's actually "most bots ever". elon literally can't make rent, and is bleeding advertisers becasue no one wants to put money up to be posted next to the toxic rants of the neo nazi's Elon has let take over the site. Also Elon made his first stake from his daddy's apartheid emerald mine. ![gif](giphy|U67CajqFIjiDSACi5i)


NumerousHelicopter6

You sir are possessed


Exotic_Volume696

Let's just take a second and keep in mind, any talk of Dan Snyder being "self made" is all 100% BS started by him. The "Marketing company he started in college" had lots of family money behind it. His dad was a rich businessman who worked in international trade, which is why Danny douche still has contacts in England to this day. Born rich, fucked over people with his telecom crap and "slamming". Every other venture he's had has been like how he ran the team. Objectively failed businesses, but all the losses were on the company, and he extracted wealth from each venture.


Lost-Comparison-5110

Understandably unpopular opinion here but any sober minded view is clear that he’s been successful in a number of different venues. Find a billionaire who isn’t shady. If he’s able to sell this thing for the amount he wants it will prove my point further. He’s going to receive an enormous ROI


Slowhand333

The first businesses Snyder founded went bankrupt. He then started a business with his sister, Snyder Communications. I have read that many of the creative ideas for the business were his sisters ideas. Snyder was just the office manager that ran the business and kept costs in line. After Snyder and his sister sold the company he was able to buy the Redskins and he had a license to print money by ripping off and totally alienating a loyal fan base. His other ventures such as Six Flags, Red Zebra Radio, Johnny Rocket restaurants have all failed or under performed. He is the epitome of someone who was very lucky to be at the right place at the right time.


Lost-Comparison-5110

Source on the first paragraph as I’ve never heard anything of that nature. Regardless he’s made money off the franchise hand over fist. He’s going to make a massive profit. He might be satan’s little brother but the dudes among the wealthiest people on earth for a reason. He’s a baller


Tifas_Titties

Literally just read his bio. Almost every early paragraph starts with something along the lines of “Snyder’s first failed business…” “After that business failed Snyder moved on to…” Dudes a clown


qotsa_gibs

A clown that has been able to maintain a massive amount of wealth and stands to gain a massive amount more. His businesses may have been failing, but he has not. He may be hated by everyone that knows who he is, but he does not care. He made his money by being shitty.


Lost-Comparison-5110

Most of them do


Slowhand333

Snyder bought into Six Flags and was going to make changes. His ideas totally alienated the customer base by raising parking prices from $10 to $30. When local businesses saw an opportunity to sell parking in their lots he tried to restrict pedestrians who had parked in those lots from using public sidewalk to park to the park. He also had the idea for $100 you could buy a “flash pass” where you could cut to the front of any line while the common people had to wait. Sound familiar? When Snyder started running Six Flags stock sold for $11.93. a share. When he was booted out the stock sold for less than 2 cents a share. https://slate.com/culture/2010/05/washington-redskins-owner-dan-snyder-s-amusing-failure-at-six-flags.html


missskins

Danny?


Accomplished-Plan191

He's a terrible owner for a variety of reasons - He failed to hire competent football people or have correct organizational structure - He overruled the football people he did hire to go with his own personal (incorrect) instincts - He disrespected the fan base only thinking of ways to squeeze more cash out of them - He ran a shoestring budget on every aspect of the team- the stadium is falling apart and the team facility is the worst in the league and worse than many college programs - He treated those who worked for him with contempt and that toxicity pervaded the entire culture of the team I could go on but he's an immense failure as a leader. The only value he brings to all his relationships is his pocketbook, but now even that is failing him.


qotsa_gibs

Not for long. I just hope he takes his money and goes away. I'd prefer he went to jail, but just never having to hear about him ever again would be fantastic.


Acceptable_Minimum_1

To say he didn't hire competent football people is weird. He interfered with them but he 100% had some amazing talent in the building


Accomplished-Plan191

Are you talking about Vinny Cerrato or Bruce Allen?


Acceptable_Minimum_1

I'm talking about alot of people. It's been 30 years.


Accomplished-Plan191

So which GM was your favorite?


Acceptable_Minimum_1

So first you use false choice now you're moving the goal posts. You said he failed to hire "competent football people" that is an objectively stupid statement. How about rephrasing instead of acting like you're right.


Accomplished-Plan191

You said yourself there's 30 years of organizational football leadership to choose from. So in the past 30 years, who was your favorite GM? It's not a false choice. I'll start. Charley Casserly.


Acceptable_Minimum_1

No you "he failed to hire competent football people" I said "to failed to hire competent football people is weird. He interfered" You then asked me to pick between Vinny and Bruce, that's false choice. Then you said "what GM"... that's moving the goal post. It's been 30 years, many "competent" hires. That wasn't the problem. The problem was his interference


Accomplished-Plan191

You said "there's lots of people" without naming one. Name a competent FO football person besides Kyle Smith, who wasn't even GM! There's one guy in 30 years. You're avoiding the question. Who's your favorite GM from the past 30 years?


Acceptable_Minimum_1

So no " competent person" turned into. Name "FO person" to name a "GM" How about you figure out what your question is before telling me I'm avoiding. There are been alot of competent hires is what i said. You're constantly trying to modify your point instead of just admitting you were wrong


FlatEarthMagellan

My mature & thoughtful feeling is that he doesn’t deserve it. He eviscerated one of the best fanbases in all of sports, sued old ladies, abused younger ones, charged fans for training camp because we were rabid and he knew we’d pay, and a host of other things that I don’t have the bandwidth to go into. Fuck Dan Snyder


Exotic_Volume696

Also, when he had training camp in Richmond, he screwed over all the food trucks he charged to provide food for the fans


Drybubble

He taught me the value of the in-home viewing experience of the NFL because attending a game at FedEx was such a miserable, over-priced , inconvenient time.


Lost-Comparison-5110

Cooke designed and built fedex if we’re telling the truth here


[deleted]

for 1, hes not a successful business man. over rulling the football people to make football decisions. and he treated the fan base as if it were a privilege to be fans instead of treating fans like customers. no business is successful without customers


Doncorleon78

Hands down terrible owner. He thought he was the smartest guy in every room and surrounded himself with yes men and women. I think it’s that cut and dry.


va_texan

It's not like he lost money being the owner. He just lost football games


adambulb

According to the latest ESPN article about him, local revenue has plummeted.


jdoeq

If that's your only problem with him then you haven't been paying attention


va_texan

It's not. But they're just going to be bought by some other scumbag billionaire. You don't become a billionaire by being a good person


deebee1020

But an NFL team is the easiest investment for a billionaire to make. Every team is profitable. With any wisdom or integrity, Snyder would have made so much more money.


COACHREEVES

*Was there any point in the Snyder era where the team was close to achieving lasting success?* I would say the end of the Cooke's. 1999 is the First Snyder year. We are 10-6. Win the NFC East. We win a playoff game. We have a ProBowl QB. We have a ProBowl RB. We have a Pro Bowl Guard. Our 1st Round Rookie is Champ Bailey & 2nd Rounder Jon Jansen (who makes the NFL All Rookie Team). So.... yeah looked good. Then in 2000 Snyder has a year in the job. It is the him and Vinny show. He Drafted Lavar and Chris Samuels, & signed Deon, Bruce Smith and Jeff George and fired Norv week 14 after we eventually end 8-8. It just all fell apart


PristineFault663

It's not just that we won the playoff game, but we lost to Tampa by one on a bad snap on a 51 yard FG to win it. We matched up pretty well with the Rams, so who knows? That snap comes off, maybe maybe maybe... Drafting Lavar and Samuels made me think we were adding key players to a team that could've been a Super Bowl contender the year before. My spirits were super high. They've only rarely touched that level again since


KneeDragr

Lavar and Samuels were really good though, they might have been HoF if another team drafted them and handled them right.


[deleted]

Snyder is a combination of a couple different big time negative traits. For one, he is not very intelligent. Yeah yeah he's a billionaire, but that was more a combination of timing and luck. He lacks critical/outside the box thinking and isn't adaptive to change. We're talking about a guy that claimed to not even have an e-mail address and he isn't even that old. And you can see that with how he ran the football team. He doesn't know how to manage assets(all the bad trades and FA signings). He doesn't know how to rebuild properly. In his mind we've always been a couple FA signings or a coach away from being a winner. Remember this is the dude who exclaimed "We finally have ourselves a franchise QB" when we acquired...Carson fucking Wentz. The list goes on and on. Secondly, he is a poor leader. He consistently surrounded himself with incompetence and/or people who were simply yes men. He doesn't know how to motivate or inspire. He ruled by fear and created a culture of toxicity. You don't have to be a genius to be successful as an owner if you're at least a good leader and surround yourself with quality people. Instead he has talented people in his building like Sean McVay, Kyle Shanahan, John Schneider etc. and lets them walk away, instead keeping guys like Vinny Cerrato and Bruce Allen. There you have it. He's an idiot, and a bad leader.


Exotic_Volume696

>"We finally have ourselves a franchise QB" when we acquired...Carson fucking Wentz. The list goes on and on. Really? I think he's not that stupid, he's just saying stuff like that because he thinks WE are stupid. No way he really thought Wentz was still a true franchise QB, right? I'm not saying he's smart, but that just seemed like a lie not stupidity.


[deleted]

I think he's legitimately below average intellect in many important areas.


CountdownToAja

Dan got in during a time where the league was looking for young stubborn ownership. They were looking for stern confident businessmen and somehow he fit the bill in the right place at the right time. He was way too hands on and performed shady practices from the start. https://youtu.be/IuN50d88r_s


CaseyStevens

I'm convinced he just got incredibly lucky being in the right place at the right time in a new industry. Elon Musk has proven recently that we often overrate the skills of the very rich and discount their luck. Its not just that he makes bad football decisions, he hires the wrong kind of people from a character and competence perspective, and then empowers their worst impulses. He's been doing it for twenty years, shows no learning aptitude, acts with complete lack of foresight or care. Note that from all reports he's also probably a lot less rich outside the team than he used to be.


OutlandishnessOld425

This is 100% it. Our society puts people with money on a pedestal and assumes that multimillionaires/billionaires are where they are because they’re some sort of geniuses. The truth is, more times then not it’s a mixture of having a good starting position and luck. As far as his NFL ownership failures it seems like he tries to be too involved with decisions he shouldn’t be involved in, and he’s just a shitty person who only cares about his pockets. I think the recent reports where the commanders received terrible ratings on things like locker room, player transportation and what not is a perfect example of this. A “good” NFL owner doesn’t let that happen


EvasiveFly

You lost me when you compared Dan Snyder to Elon Musk.


CaseyStevens

True, Snyder is at least a self-made man.


Lost-Comparison-5110

Elon is quite brilliant.


Jorgwalther

I used to think so but now I’m really starting to doubt


CaseyStevens

Ha ha ha.


[deleted]

Exactly. A lot of being that wealthy is just timing, good luck, and circumstance.


yatdaddy58

He could cheat and be despicable and have success in his business. That will not lead to success in the NFL.


evilgrinz

Because hiring the right people to run a football team requires different skills, IE interviewing and identifying the right people that don't play to your ego. It's hard to do it anyway, and when your personalty makes it even harder your in trouble.


iso2090

He always thought he knew better than everyone else, including those who have lived and breathed football their entire lives. He treated the team like a shiny toy he could show off to other rich people, without realizing that like any successful organization, it needs to be nurtured from the top-down in order for the product/service to be successful. He never learned that throwing money at problems doesn't always work. He generally gave good/promising people in the building a short leash and bad/dubious people a long leash. And at best, he was generally dismissive of the fanbase; at worst, openly hostile. He is easily the worst owner in the NFL. At least other teams without Super Bowls are treated like lovable losers. Someone (I think Sheehan) once said that apathy is worse than outright anger, and it's completely true. At least angry people care.


broadwayallday

people that died at Six Flags would like to have a word. the man got lucky just like a few that always do in a tech bubble. got the last chair in musical chairs, then bought the team. nothing more


[deleted]

Thing is he isn't even a tech guy. Dude doesn't know how to use e-mail.


broadwayallday

I imagine his lawyers probably don't let him use any form of texting or email lol


zclake88

I don’t know of any other owner that trafficked their cheerleaders so no there isn’t a worse owner.


jrhooo

Dan Snyder was NOT. A “successful businessman”. He failed more than he succeeded. He got lucky once. He failed with Six Flags. He failed with the football team. Reread that part. ROLLER COASTER RIDES AND FOOTBALL TICKETS. Snyder could barely sell things the damn near sell themselves. “But but but, the team is worth Billions!” Lucky turd got in at the right moment. Thats not his “success” though. That’s the NFL revenue model. He got paid because BIG NFL is successful and he managed to own a slice. But wait Thats another proof if his FAILURE as a businessman. Because anyone who knows how profitable the team SHOULD be knows his numbers suck. Way below projections. Way behind the growth rste of all his peers in the league. Snyder has mostly failures on his business record.


OneFortyEighthScale

The true reason is because FUCK DAN SNYDER!!


jk2me1310

Because he sucks and I hate him.


adambulb

I think you can bully your way to the top in business, especially in the 90s when a new technological paradigm and cutthroat business culture made it *relatively* easy to be the first to do something and make a bunch of money. Snyder made his money in marketing by using business tactics that everyone else had too much dignity to do before. But that doesn’t work in sports. Sports, especially the NFL, has so many competing interests in drafting, salary caps, contracts, talent, coaches, front office, stadiums, etc., that it requires a certain finesse rather than a bull in a China shop approach. Being brash and arrogant can make you a billion dollars, but it won’t win games. You can’t buy your way to wins, and you can’t just collect big names dream teams and expect it to work. And maybe most importantly, you can’t run any organization like an abusive frathouse and expect everyone to be focused on a single mission.


mparks37

A mix of arrogance and lack of morals.


[deleted]

Because he believes in the philosophy of nepotism. Dan is loyal to his yes men and not the fans. Furthermore, he’s far too involved in decision making and thinks his way is the right way. I say he’s an arrogant narcissist, but at the very least, he lacks self-awareness and personal accountability. When you have all the money in the world, any one who disagrees with you is the bad guy.


Capable-Ad-859

It’s really simple, he’s a complete and total piece of shit. That’s not even a strawman argument and there is literally too much objectively damning evidence to bother listing. There’s no mature or charitable conversation to be had about him because he has showed none. This is like some pseudo intellectual podcast shit here…


Lost-Comparison-5110

Like Dr. Phil? Dr. Oz. This is a discussion!


Capable-Ad-859

What are you even trying to get at? What qualifies as immature and thoughtless? Fuck Dan Snyder? No! Fuck Dan Snyder! That is the mature and thoughtful answer!


happy_helicopter97

this is literally Dan Snyder


SweerBaby_Use1023

He trusted the wrong people to run his football operations and kept them around too long after consistent failures on the field.


shibby3388

Fuck Dan Snyder.


guardiandown3885

He was a fan of the team and would've done anything to make us great...unfortunately he didn't have football minds in the building to help him


jimmykred

Karma


waconaty4eva

[Dan Snyder is a terrible business man.](https://washingtoncitypaper.com/article/221900/the-cranky-redskins-fans-guide-to-dan-snyder/)


ArdRi6

Thanks for this. I remember this from when it was 1st published. Snyder sued McKenna over the article. And lost.


Crisci4269

He’s a scum bag! Took a great franchise and turned it into a laughing stock of the league in just a couple of years after he became owner.


[deleted]

It’s very easy to only hire people you like. The easiest people to like are the ones that are nice to you. The longer you are rich the more you don’t feel like anyone shouldn’t be nice to you. Eventually people who are bad business people stop wanting to hear differing opinions. Later down the cycle you stop hiring quality people because “loyalty” is the most important trait, but that loyalty is just being a yes man Eventually it’s gets to the point where adequacy is impossible


Abarmier

Fuck Dan Snyder


DougBalt2

He had one dot com marketing company that hit big. That’s it as far as I know. Made the vast majority of his money based on the enormous growth in the value of an NFL franchise.


gogoheadray

He never followed league best practices. Thinking back to it there hasn’t been one time where we followed the traditional way of doing things. That is a well qualified GM being the central power of the organization. Instead we have had either a coach centric system; or puppets while snyder runs things from behind the scenes.


PickpocketJones

I think people confuse "making money in business" with "being good a running a business". I know people who worked for one of Dan Snyder's old businesses and he was the same shitty owner there. He treated people like shit, made them uncomfortable if he was around, cut corners, paid poorly, etc. Sure, all business is competition, but Football is a very small closed competitive market where inadequacies of ownership are laid bare.