Minority owners of the Washington NFL team are reportedly pressuring majority owner Dan Snyder to sell the franchise.
Minority owners of the Washington Football Team are pressuring majority owner Dan Snyder to sell the franchise, according to the Wall Street Journal's Andrew Beaton and Cara Lombardo.
According to the WSJ, Snyder has no interest in selling the team.
FedEx CEO Fred Smith, Black Diamond Capital chairman Robert Rothman and NVR Inc. board chairman Dwight Schar have hired an investment firm to sell their roughly 40% stake in the franchise, according to the WSJ.
The Journal reports that the minority stakes have attracted interest previously, but that prospective buyers have walked away from deals citing Snyder's reluctance to give any of the new buyers the option to eventually buy control of the team. Per the Journal, any stakes sold by minority partners would also become more valuable if the entire team were sold.
The internal pressure comes as Snyder recently filed a lawsuit accusing a former team employee of assisting an alleged defamatory plot against the longtime team owner.
On Monday, in a…