Minority Owners of the Skins Want Out.

[Giantone]

https://www.yahoo.com/sports/washing...004122848.html


Report: Every member of the Washington ownership group not named Snyder wants out of the team

There are a total of three men in the Washington Redskins ownership group who aren’t in Dan Snyder’s immediate family. All three of them reportedly want out.

Washington minority owners Robert Rothman, Dwight Schar and Frederick W. Smith have hired an investment banking firm to conduct a search for potential buyers of their stake in the team, according to The Washington Post. The three businessmen reportedly hold 40 percent of the team.

Per the Post, the move is in large part due to the trio “not happy being a partner” with Snyder, who owns the majority of the team.

According to Forbes’ most recent team valuations, Washington ranks seventh in the NFL at a calculated $3.4 billion. That number has likely gone down in the wake of the coronavirus pandemic. The team also once ranked No. 1 in the Forbes valuations as recently as 2006, but has seen a noticeable fall from grace under Snyder.

Rothman is the chairman and CEO of private investment firm Black Diamond Capital, Schar is chairman of home-builder NVR Inc. and Smith is the president and CEO of FedEx. You might have heard how FedEx recently signaled it wants to see a name change for the team whose stadium naming rights it paid $205 million.

The only other minority owners of the team are Snyder’s mother, Arlette, and sister, Michele