Consulting organization BDO USA announced earlier today that it has signed a deal with The Washington Redskins as the football league's exclusive accounting firm.
"We are thrilled to serve as the exclusive accounting firm of The Washington Redskins," stated BDO USA Chief Executive Officer Wayne Berson. "The team's focus on providing a winning experience for fans and business partners complements BDO's commitment to excellence and unwavering focus on the client relationship. We look forward to offering strategic counsel on financial, technical and business related issues, as well as sharing best practices from our extensive experience in serving sports industry clients."
The terms of the deal stipulates that BDO will provide tax and audit services to the Virginia-based team, assistance with financial reporting needs and advisory services on revenue recognition and debt transactions, market trends and opportunities, franchise-related initiatives and other issues.
"We are delighted to work with BDO, a clear leader in tax, assurance and consulting," commented Washington Redskins Chief Accouting Officer Stephen Choi. "We are confident that BDO will provide us with high quality service that will help yield maximum efficiency and optimal productivity for our operations and executives, which is critical in our line of business."
BDO USA has a successful history of providing tax, audit and consulting services to teams part of all major sports franchise including the NBA, NHL, NFL and MLB. The firm specializes in giving support in tax accounting regarding IRS audits, construction accounting, media, advertising and buy and sell side transactions.
BDO's Greater Washington D.C. office will be serving as the primary location for the new partnership with The Washington Redskins.
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