who owned 40% of the team collectively. Bank of America officials asked team executives repeatedly for proof that the board had approved the loan, but team executives ignored all requests before the loan closed, with one team lawyer later acknowledging that the board approval didn't exist. According to confidential NFL arbitration documents, the partners demanded that the NFL investigate the origin of Snyder's loan, yet neither NFL commissioner Roger Goodell nor the NFL arbitrator investigated the allegations. Four days after the partners asked the NFL arbitrator to seek proof that the loan was legally obtained, the NFL shut down arbitration proceedings. Other ventures Snyder owned expansion rights to an Arena Football League team for the Washington, D.C. market before the 2009 demise of the original league. He purchased the rights to the team for $4 million in 1999. The team was going to be called the Washington Warriors and play their games at the Comcast Center in 2003 but the team never started. In 2005, he bought 12% of the stock of amusement park operator Six Flags through his private equity company RedZone Capital. He later gained control of the board, placing his friend and ESPN executive Mark Shapiro as CEO and himself as chairman. In April 2009, the New York Stock Exchange delisted Six Flags' stock as it had fallen below the minimal market capitalization. In June 2009, Six Flags announced that the company was delaying a $15 million debt payment and two weeks later, Six Flags filed for Chapter 11 bankruptcy protection. As part of the reorganization, 92% of the company ended up in the hands of their lenders with Snyder and Shapiro being removed from their positions. In July 2006, Red Zebra Broadcasting launched a trio of sports radio stations in Washington, D.C. He purchased other radio stations in the mid-Atlantic region, and broadcast coverage of Washington Redskins games on all of his stations. In 2017 and 2018, Red Zebra sold off all of its radio stations and ceased doing business. Also in July 2006, Snyder and other investors signed a deal to provide financing to the production company run by Tom Cruise and his partner, Paula Wagner. This came one week after Paramount Pictures severed its ties with Cruise and Wagner. Snyder is credited as an executive producer for the 2008 movie Valkyrie, which starred Cruise. In February 2007, it was announced that Snyder's private equity