The three minority owners of Washington Redskins are looking to sell their shares on the team because they "are not happy to be partners" with owner Daniel Snyder, The Washington Post reported, citing sources familiar with the deliberations.
Prominent businessmen Robert Rothman, Dwight Schar and Frederick W. Smith, who together own about 40% of the team, hired an investment banking firm to look for potential buyers, one of the sources told The Post.
Pro Football Talk reported for the first time that Schar and Smith are trying to sell their bets on the team.
The development comes when the team seems increasingly likely to change its name amid renewed pressure, given the national focus on human rights and social justice after the death of George Floyd, Minnesota.
Coach Ron Rivera told The Post on Saturday that he has been working with Snyder on a new nickname for the team in recent weeks. The team announced Friday that it will "undergo a thorough review" of the nickname.
A person familiar with the relationship between Snyder and the Redskins minority shareholders told John Keim of ESPN that he thought it would be a big surprise for Snyder because he considered them all friends.