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Redskins Minority Homeowner Trio Launches Search To Sell Stakes

The three minority owners of the Washington Redskins are looking to sell their shares in the team because they “are not happy to be a partner” with owner Daniel Snyder, the Washington Post reported, citing sources familiar with the proceedings.

Leading businessmen, Robert Rothman, Dwight Schar and Frederick W. Smith, who together hold about 40% of the team, have hired an investment banking firm to look for potential buyers, one of the sources told The Post.

Pro Football Talk first reported that Schar and Smith were trying to sell their stakes in the team.

The development comes as the team seems increasingly likely to change its name amid renewed pressure, given the national attention given to human rights and social justice after George’s death Floyd in Minnesota.

Coach Ron Rivera told the Post on Saturday that he has been working with Snyder on a new team nickname for the past few weeks. And the team announced Friday that it will “undergo a thorough review” of the nickname.

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