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#pounditSunday, May 26, 2024

Washington NFL team’s minority shareholders looking to sell

Dan Snyder

The Washington NFL team is undergoing a major transformation after dropping its “Redskins” nickname, but that isn’t the only significant change the franchise could be making ahead of the 2020 season.

ESPN’s Adam Schefter reports that minority shareholders of the Washington team have hired an investment bank to assist them with selling their stakes in the organization.

A report from earlier this month indicated some of Washington’s owners were looking to sell, and majority owner Daniel Snyder’s refusal to change the team’s name for so long apparently played a role in that. There was also speculation that the minority shareholders could be angling to get Snyder to sell.

Washington recently fired some high-level executives, and a big story about the firings is expected to come out at some point in the near future.

Snyder has been the owner of Washington since 1999. He has been criticized over the years for his stubbornness with changing the team’s nickname in addition to the poor results on the field.


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