Things continue to get worse and worse for the Washington Redskins.
Amid the controversy surrounding their team name getting changed, 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.
“According to one of those people, the owners — Robert Rothman, Dwight Schar and Frederick W. Smith — have 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.
All three of them own 40% of the team.
Rothman is chairman and CEO of Black Diamond Capital — Schar is chairman of NVR Inc., — while 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.
Snyder and Redskins head coach Ron Rivera have been in discussions about figuring out a name change for the franchise after pressure has came from FedEx, Pepsi, and Nike.
The three-time Super Bowl champion Redskins are the seventh-most-valuable franchise in the 32-team NFL, worth $3.4 billion.
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