Monday, November 29, 2021
Home Game Washington minority owners want to sell

Washington minority owners want to sell

Last Updated: 06/07/20 6:11pm








1:05

Former Washington Redskins running back Brian Mitchell says fans would accept a name change, with many Native American groups labelling the name racist

Former Washington Redskins running back Brian Mitchell says fans would accept a name change, with many Native American groups labelling the name racist

Three minority owners of the Washington Redskins have hired an investment banking firm to find buyers for their share of the team, reports The Washington Post.

The men – Robert Rothman, Dwight Schar and Frederick W. Smith – jointly own 40 per cent of the team but reportedly want to sell out of dissatisfaction with majority owner Dan Snyder.

The three are quoted by the Post as “not happy being a partner” with Snyder.

1:58
Mike Garafolo reports that the Washington Redskins’ name change is likely and could even happen in a couple weeks

Mike Garafolo reports that the Washington Redskins’ name change is likely and could even happen in a couple weeks

Smith is chairman, president and CEO of FedEx. Last week, the Memphis-based shipping giant called for the Washington franchise to change its name – a frequent refrain since Snyder bought the team in 1999.

Other corporate partners, including Nike and PepsiCo, joined FedEx.

Snyder has resisted all calls throughout the years to adopt a new name, but on Friday team officials announced they would “undergo a thorough review” as the nation grapples with racial inequality and social justice.

It’s a drastic change from his stand in 2013, when Snyder told USA Today: “We’ll never change the name. It’s that simple. NEVER – you can use caps.”

New head coach Ron Rivera said he supports a name change for the team and is working with Snyder. According to multiple outlets, the new name could be in effect for the 2020 season.

Smith’s company, FedEx, signed a 27-year $205m naming-rights deal in 1999 for the Redskins stadium in Landover, Maryland, called FedEx Field.

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