The pressure on Dan Snyder to change the name of his Washington Redskins is growing. Apparently, the three co-owners are threatening to leave.

Washington is in a seething state. There’s a real buzz around the Redskins. Also, but apparently not only because of the controversial name of the NFL franchise from the capital.

As the “Washington Post” wants to know, the three minority shareholders want to sell their shares in the club. Allegedly, Robert Rothman, Dwight Schar and Frederick W. Smith have already entrusted an investment bank with the task of finding potential buyers.

Minority shareholders “not happy” with Boss Snyder
The trio is “not happy with the cooperation” with majority shareholder Dan Snyder. Together the three entrepreneurs hold 40 percent of the shares in the “Skins”.

According to “NBC” reporter Mike Florio, Smith, founder and CEO of the logistics company “FedEx”, has been trying for years to convince Snyder to change the name of the franchise. Accordingly, he recently put public pressure on the club boss.

“FedEx” released a statement saying…
Smith’s company had recently caused a stir with a one-sentence statement saying, “We have informed the team in Washington that we have asked the team to change the team name.

But this was not the only reason for the discontent, with further disagreements not being addressed. “FedEx has sponsored the team since 1999, paying a handsome $205 million to own the rights to the team’s stadium name for 27 years.

Smith apparently the driving force behind the trio
So Smith seems to be the driving force within the trio. Schar, chairman of the real estate company “NVR Inc.”, and Rothman, chairman and managing director of the private investment company “Black Diamond Capital”, support him at least in his plan.

The “Post” tried to contact the minority owners, but could not reach anyone from the camp. The “Redskins” did not want to comment on the report to the newspaper.

Redskins were the seventh most valuable team in the NFL before Corona
According to the US business magazine “Forbes”, the franchise was the seventh most valuable team in the NFL in September 2019 with 3.4 billion US dollars. Accordingly, the “Post” calculates that – not taking the Corona pandemic into account – between 340 and 510 million US dollars would be due for ten to 15 percent of the “Redskins” shares.

A sale of the shares would require the approval of the NFL finance committee and the owners of the other teams. Snyder himself would have to do everything in his power to prevent this from happening. The “Post” quotes an unspecified person who says about the relationship between the club boss and the “FedEx” boss: “Dan admires and idolizes Fred Smith.”