Skip to content

Report: Redskins minority owners trying to sell stakes in team

Scott Taetsch / Getty Images Sport / Getty

Three members of the Washington Redskins ownership group are actively trying to sell their stakes in the team, report Liz Clarke, Mark Maske, and Les Carpenter of The Washington Post.

Minority owners Robert Rothman, Dwight Schar, and Frederick Smith own 40% of the team and have already hired an investment banking firm to aid in the search for potential buyers, The Post reports.

The trio is reportedly "not happy being a partner" with majority owner Daniel Snyder.

Rothman is the chairman of Black Diamond Capital, Schar is chairman of NVR Inc., and Smith is chairman of FedEx, which owns the naming rights to the team's stadium. On Thursday, FedEx asked the organization to change its nickname.

Snyder and Redskins head coach Ron Rivera have been in discussions for weeks about changing the team name. Those discussions have recently included the league office.

As of 2019, the Redskins were the seventh-most valuable NFL franchise, evaluated at $3.4 billion.

Daily Newsletter

Get the latest trending sports news daily in your inbox