We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
NEW YORK DAWN™NEW YORK DAWN™NEW YORK DAWN™
Notification Show More
Font ResizerAa
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Reading: Washington Commanders Deny Financial Malfeasance in a Letter to FTC
Share
Font ResizerAa
NEW YORK DAWN™NEW YORK DAWN™
Search
  • Home
  • Trending
  • New York
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Art
  • Health
  • Sports
  • Entertainment
Follow US
NEW YORK DAWN™ > Blog > Sports > Washington Commanders Deny Financial Malfeasance in a Letter to FTC
Washington Commanders Deny Financial Malfeasance in a Letter to FTC
Sports

Washington Commanders Deny Financial Malfeasance in a Letter to FTC

Last updated: April 18, 2022 9:52 pm
Editorial Board Published April 18, 2022
Share
SHARE
18commanders 1 facebookJumbo

Friedman, through his lawyers, stood by his testimony and said he would answer follow-up questions from any of the government agencies reviewing the team’s activities.

“My client is also prepared to defend himself publicly against these baseless allegations if Mr. Snyder permits him to do so,” his lawyers, Lisa Banks and Debra Katz, said, referring to the team’s owner, Daniel Snyder. “In the meantime, we will communicate directly with the team about these demonstratively false allegations.”

In March, Friedman testified to the committee about a practice he said some team executives called “juicing,” in which revenue from N.F.L. game tickets was reported as having come from other events held at the team’s stadium in order to reduce the amount of ticket revenue it was required to share with the 31 other N.F.L. teams.

One example he provided involved licensing fees for college games or concerts hosted at the team’s stadium in Maryland. In testimony the committee cited in its letter to the F.T.C., Friedman said team executives kept one set of books with the altered numbers it submitted to the N.F.L. and a second set with the accurate accounting that was shown to Snyder.

Snyder, through a representative, declined to comment.

In Monday’s submission to the F.T.C., the team said its auditors, as well as those from the N.F.L., had access to all revenue, including from non-N.F.L. events, and would have discovered such a discrepancy had it existed. Specifically responding to Friedman’s claim that $162,360 from Commanders games was categorized as revenue from a college game, the team offered screen shots of emails it claims show that the money was properly listed as the N.F.L. team revenue.

Friedman also testified that in his role he oversaw the processing of security deposits paid by season-ticket holders and that after Snyder bought the team in 1999, the team intentionally made it difficult for ticket holders to recoup their refundable payments. He alleged that the Commanders organization held on to $5 million from such deposits.

Washington disputed those claims, saying it converted about $200,000 in security deposits into revenue, but only after those customers defaulted on their payments. In 2014 alone, the Commanders said, they refunded the security deposits of about 750, or half, of the dormant accounts, and over time returned more than $2 million.

You Might Also Like

Sabrina Ionescu carries Liberty to win over Phoenix Mercury

Mets’ David Stearns on commerce deadline with one commerce already beneath his belt: ‘This weekend looms large for a lot of teams’

Yankees return residence, keep sloppy in loss to Phillies as defensive, bullpen woes persist

Ex-Liberty star Kayla Thornton undergoes season-ending knee surgical procedure

Yankees buying and selling pair of prospects for Rockies third baseman Ryan McMahon: sources

TAGGED:Accounting and AccountantsBox Office SalesFederal Trade CommissionHouse Committee on Oversight and Government ReformNational Football LeagueSnyder, Daniel MThe Washington MailWashington Commanders
Share This Article
Facebook Twitter Email Print

Follow US

Find US on Social Medias
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Popular News
Pentagon Forms a Group to Examine Unexplained Aerial Sightings
Politics

Pentagon Forms a Group to Examine Unexplained Aerial Sightings

Editorial Board November 25, 2021
Novel stem cell remedy repairs ‘irreversible’ corneal harm in scientific trial
Hong Kong Police Raid Stand News and Arrest Staff
‘Greetings, Mr. President’: Biden and Putin Hold 2-Hour Virtual Summit
Biden’s Covid Symptoms Continue to Improve, Doctor Says

You Might Also Like

Mets purchase left-handed reliever Gregory Soto from the Orioles
Sports

Mets purchase left-handed reliever Gregory Soto from the Orioles

July 25, 2025
Jets QB Justin Fields returns to apply on restricted foundation a day after dislocating his toe
Sports

Jets QB Justin Fields returns to apply on restricted foundation a day after dislocating his toe

July 25, 2025
Tim Hill’s utilization highlights Yankees’ want for one more lefty reliever earlier than commerce deadline
Sports

Tim Hill’s utilization highlights Yankees’ want for one more lefty reliever earlier than commerce deadline

July 25, 2025
Mike Lupica: It’s all nonetheless there for the Yankees with 60 video games left
Sports

Mike Lupica: It’s all nonetheless there for the Yankees with 60 video games left

July 24, 2025

Categories

  • Health
  • Sports
  • Politics
  • Entertainment
  • Technology
  • World
  • Art

About US

New York Dawn is a proud and integral publication of the Enspirers News Group, embodying the values of journalistic integrity and excellence.
Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Term of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 New York Dawn. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?