- Minority Owners Pressure Dan Snyder to Sell Washington’s NFL Team
- minority partners of Washington’s NFL team are pressuring Dan Snyder to sell the franchise, according to people familiar with the matter, amid a growing fight inside a team facing controversy on multiple fronts.
Mr. Snyder, the team’s 55-year-old billionaire owner, has no intention to sell his majority stake in the team, the people said. A recent legal filing by Mr. Snyder suggests that at least one of the minority partners has attempted to leak defamatory information against him.
The team’s minority owners—FedEx Corp. CEO Fred Smith, Black Diamond Capital chairman Robert Rothman and NVR Inc. board chairman Dwight Schar—own approximately 40% of the team and have hired an investment firm to sell their interest in the franchise formerly known as the Redskins. Those same stakes would become more valuable if the entire team, which would likely be worth several billion dollars, were to be sold, the people said.
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