Redskins’ minority owners look to sell stakes in team amid ongoing turmoil
Jul
6
7/6/2020 6:54:16 AM
|More
The three minority owners of the Washington Redskins are attempting to sell their stakes in the NFL franchise, the Washington Post reports. This according to multiple people familiar with the deliberations.
According to one of those people, the owners — Robert Rothman, Dwight Schar and Frederick W. Smith — hired an investment banking firm to conduct the search for potential buyers, in large part because they are “not happy being a partner” of majority owner Daniel Snyder.
Rothman is chairman and CEO of Black Diamond Capital, a private investment company. Schar is chairman of NVR Inc., the nation’s fifth-largest home builder.
Smith is chairman, president and CEO of FedEx, which in 1999 signed a 27-year, $205 million naming-rights deal for what is now known as FedEx Field.
Among them, they represent roughly 40 percent of ownership in the Redskins. They are also the only members of the team’s ownership group other than Snyder, his mother and his sister.
None of the minority owners could be reached for comment Sunday.
A Redskins spokesman said the team had no comment.
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Jul
6
7/6/2020 6:54:16 AM
|More
The three minority owners of the Washington Redskins are attempting to sell their stakes in the NFL franchise, the Washington Post reports. This according to multiple people familiar with the deliberations.
According to one of those people, the owners — Robert Rothman, Dwight Schar and Frederick W. Smith — hired an investment banking firm to conduct the search for potential buyers, in large part because they are “not happy being a partner” of majority owner Daniel Snyder.
Rothman is chairman and CEO of Black Diamond Capital, a private investment company. Schar is chairman of NVR Inc., the nation’s fifth-largest home builder.
Smith is chairman, president and CEO of FedEx, which in 1999 signed a 27-year, $205 million naming-rights deal for what is now known as FedEx Field.
Among them, they represent roughly 40 percent of ownership in the Redskins. They are also the only members of the team’s ownership group other than Snyder, his mother and his sister.
None of the minority owners could be reached for comment Sunday.
A Redskins spokesman said the team had no comment.
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