Washington Commanders Deny Monetary Malfeasance in a Letter to FTC

In March, Friedman testified to the committee a few follow he stated some group executives referred to as “juicing,” through which income from NFL sport tickets was reported as having come from different occasions held on the group’s stadium with a purpose to cut back the quantity of ticket income it was required to share with the 31 different NFL groups.

One instance he offered concerned licensing charges for faculty video games or live shows hosted on the group’s stadium in Maryland. In testimony the committee cited in its letter to the FTC, Friedman stated group executives saved one set of books with the altered numbers it submitted to the NFL and a second set with the correct accounting that was proven to the group proprietor Daniel Snyder.

Snyder, by way of a consultant, declined to remark.

In Monday’s submission to the FTC, the group stated its auditors, in addition to these from the NFL, had entry to all income, together with from non-NFL occasions, and would have found such a discrepancy had it existed. Particularly responding to Friedman’s declare that $162,360 from Commanders video games was categorized as income from a school sport, the group supplied display screen photographs of emails it claims present that the cash was correctly listed because the NFL group income.

Friedman additionally testified that in his function he oversaw the processing of safety deposits paid by season-ticket holders and that after Snyder purchased the group in 1999, the group deliberately made it troublesome for ticket holders to recoup their refundable funds. He alleged that the Commanders group held on to $5 million from such deposits.

Washington disputed these claims, saying it transformed about $200,000 in safety deposits into income, however solely after these clients defaulted on their funds. In 2014 alone, the Commanders stated, they refunded the safety deposits of about 750, or half, of the dormant accounts, and over time returned greater than $2 million.

Final week, the NFL stated that Mary Jo White, a former federal prosecutor employed by the league, would look into the claims of monetary malfeasance raised by Friedman. White was already investigating allegations by feminine former staff who stated they have been sexually harassed by Snyder, who has denied these allegations.

On Monday, the NFL declined to touch upon the letter.

Written by trendingatoz

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