David Rosenthal

Exactly.

These are real flesh and blood people, not corporations.

They have enormous skin of the game.

A huge portion of their family's wealth is invested in the clubs.

They run them personally.

They make the decisions.

They are effectively the CEOs of these organizations.

And you're able to get all 32 of these people, or 31 plus the Packers, into a room a couple times a year.

And they can hash out and say, hey, these are the things, collective capitalism, these are the things we're going to do that are going to be

good for the league and putting teams second, like negotiating central national media rights, et cetera, et cetera, et cetera.

So all of this worked great until the summer of 2023, when the Washington Commanders, formerly until recently at that point known as the Washington Redskins, stumbled into a distressed situation.

We don't need to get into all the details here, but

Most folks who are followers of the NFL probably know that then-principal team owner Dan Snyder, who had owned the team for almost a quarter century...

essentially got brought down by a whole series of scandals.

There was sexual harassment.

There was workplace harassment.

There was financial improprieties.

There was the fact that he steadfastly refused to change the name of the team for like a decade, even after it's kind of untenable what the name was.

Yeah, if you go to Dan Snyder's Wikipedia page, it literally says on his Wikipedia page, Snyder is widely considered to be one of the worst owners in the history of North American professional sports and has a whole train of citations after that.

This ultimately ends up