Daniel Snyder Feeling the Economic Crunch?

[HarveyWallbangers]

Anybody know how Snyder made his money? Lofton, Coffman, and JJ were quite the combination for a couple of years.

http://www.usatoday.com/sports/football/nfl/redskins/2009-01-09-layoffs_N.htm?csp=34


Washington Redskins director of player development John Jefferson was among more than 20 people laid off by the team this week as the economic downtown took its toll on one of the NFL's most valuable franchises.

[Rastak]

From wikipedia:

Daniel M. Snyder (born November 23, 1965) is the current owner of the Washington Redskins football team, Chairman of the Board of Six Flags Inc.[1], the world's largest amusement park and theme park operator, owner of the Johnny Rockets restaurant chain, and primary investor in Red Zebra Broadcasting, which is home to the Redskins Radio Network. Daniel Snyder has a net worth of $1.3 billion dollars.


and


In 1988, Snyder and his sister Michelle founded a marketing company, Snyder Communications Inc. (SNC). Their activities were mainly outsourced marketing services, such as Direct marketing, database marketing, proprietary product sampling, sponsored information display in prime locations, call centres, field sales.

In an Initial Public Offering for SNC in September 1996, Daniel Snyder became the youngest ever CEO of a New York Stock Exchange listed company at the age of 32[5].

He expanded the company aggressively through a string of acquisitions, and in April 2000, Snyder Communications was sold to the French advertising and marketing services group Havas in an all-stock transaction valued at in excess of US$2 billion, the largest transaction in the history of the advertising/market industry. Snyder’s personal share of the proceeds was estimated to be US$300 million[6].

[Partial]

If he has 1.3 bil to his name, he has a significant chunk of his assets in the 'Skins. I wonder how much he pays himself for that gig?

The 'Skins gotta be worth at least 800 mil I'd believe.