LANDOVER, Md. — The Washington Football Team’s minority owners are pressuring Daniel Snyder to sell his majority stake in the team, according to The Wall Street Journal.
Breaking: The minority partners of Washington’s NFL team are pressuring Dan Snyder to sell the franchise, people familiar with the matter say https://t.co/9ExpG65dL5
— The Wall Street Journal (@WSJ) August 13, 2020
According to sources, Daniel Snyder has no intention of selling the franchise he has owned for over two decades. This could evidenced by a recent legal filing of Snyder’s claiming one or more of the minority owners has “attempted to leak defamatory information” about the 55-year old billionaire.
The minority ownership led by FedEx CEO Fred Smith includes Robert Rotham, Chairman of Black Diamond Enterprises and NVR, Inc Chairman Dwight Schar own roughly 40% of the team. They are the same group that successfully pressured Snyder to change the team name this summer.
The group originally had been reported to be shopping their 40% but are now focused on Snyders shares.