Fred Smith, Dwight Schar have been trying to sell their interest in the Washington franchise

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Thursday’s statement from FedEx, the company founded by Washington minority partner Fred Smith, opposing the name of the team stunned many around the league. However, the public assault on a name that Washington owner Daniel Snyder had said would never change wasn’t the result of an epiphany for Smith. Per a source with knowledge of the situation, Smith had been trying to get Snyder to change the name for “years.”

Smith’s dissatisfaction with the name and other issues already had brought Smith to a point where he, along with fellow minority owner Dwight Schar, had actively been trying to sell their pieces of the team. However, both have to date been unable to find a buyer.

These dynamics make it even more reasonable to wonder whether, behind the scenes, Smith, Schar, and/or minority owner Robert Rothman are hoping that, ultimately, Snyder decides to sell his controlling interest in the franchise. If he does, it may be easier for Smith and Schar to find buyers. Or maybe they’ll decide that they prefer to stick around if someone else (like, say, Amazon founder and Washington Post owner Jeff Bezos) takes over the team.

30 responses to “Fred Smith, Dwight Schar have been trying to sell their interest in the Washington franchise

  1. Lotsa luck to Fred and Dwight. They both have more money than God already, and they knew full well who they were getting into bed with when they helped Lil Danny buy the team. The name controversy has always been there, and is simply a convenient excuse to try to cash out when the NFL is at the zenith of its financial power and popularity. NO ONE will buy those shares as long as Lil Danny owns the controlling share, due to his long track record of mismanagement, poor treatment of fans, and overall intransigence, and he will NEVER sell.

  2. Never heard of these guys. Are their interests with the Redskins, Nationals, Wizards, or Capitals?

  3. They obviously had no problem with the name when they bought their minority percentage (15% and 5%) over a decade ago.

  4. My hope is that Snyder tells everyone to pound sand. My hope is that the NFL.NBA and MLB all shut down and never open again. This crap has gone way to far.

  5. There is no reason that both of them couldn’t sell their shares… except that neither would lower the price they wanted to something realistic. If something needs to be sold, it can be. It’s all about the $$$$, and Fred Smith, who doesn’t or shouldn’t really care about the price, knows it.

  6. It is no wonder that they have been unable to sell their interest: What investor in his right mind would want Danny Snyder as a partner?

  7. Nobody in their right mind wants to buy the Redskin…at least as long as Snyder controls the team. The guy is a loser.

  8. It is said that Fred Smith turned in a thesis for a small package delivery service, and that that thesis became the basis of FedEx. Apparently the professor flunked him because he believed it would never work.

  9. Trying to sell is a classic media deflection. Of course there are buyers. I’ll buy 5% for a dollar. But does Fred really want to sell, for years apparently, or is he using the situation to make himself look good?

  10. Dan is such trash. I can’t believe the idiot would preserve this stupid name, except that Dan is completely out of touch with reality. Dan sucks, this is just another person who doesn’t like him, and the name of that team is going to change sooner or later.

  11. “Trying to sell”. If he wanted to sell, he could do so at any time. He is either LYING or simply values his portion of ownership too much.

  12. Christopher Allan says:
    July 5, 2020 at 2:13 pm
    They obviously had no problem with the name when they bought their minority percentage (15% and 5%) over a decade ago.
    ————-

    The world and our understanding of it changes. For example, until yesterday I had no idea that “Eskimo” was a slur…

  13. They didn’t have a problem with the name of the franchise when the invested. Now all of the sudden, they succumb to the pc pressure.

  14. I would love to be apart owner of the Redskins.

    I’ll pay $1,000 for 1% of the team.

    I’ll push to rename the team the Washington Tardigrades.

  15. I can’t wait for the racists to stop watching and commenting on the NFL. If you truly don’t respect the changes coming then why are you still here commenting? You can just choose to go fishing instead of wasting your time.

  16. Keepin-S-Real says:

    July 5, 2020 at 1:52 pm

    So tired of all this. Hope they cancel the whole season.

    _______________

    Why do you continue to go out of your way to click and then comment on the articles about it then? You should know with no major sport currently happening and this being a hot topic then of course it will constantly be talked about. It’s very simple solution just avoid and ignore the articles surrounding the subject.

  17. All this from a dirty cop to actually trying to get a football team to change its name. Set back and actually think about for a while. At a time when this country is going through a pandemic and thousands are losing their lives. Everyone should be worried how can we control this before there is no school year or any kind of sports. To all the people who ran to the beach and marched in the protests without masks. When things start getting uncomfortable and the restrictions make your life miserable look in the mirror and say yep I am part of the problem. Trump you should be wearing a mask as well, nobody is exempt. Get with the program people and do the right thing and quit worrying about a name change those things will fix themselves.

  18. Every concession will be met with a new demand. Nothing you give will ever be enough, nor will you ever be given credit for anything you change. The good news: November is only 4 months away.

  19. When Smith bought-in the franchise was worth $952Mil, 2019 value was $3.4Billion ~ 357% increase. I’m sure if Smith REALLY want out he could’ve sold his $500Mil stake for $450Mil and had multiple offers.

  20. I imagine the conversation went something like:

    “Are you going to put up the money to make up for the fans we’re going to lose?”

    “No.”

    “Then get lost.”

  21. It’s ridiculous. Native Indians aren’t offended, they are actually honored. This PC bs has to stop. Enough is enough.

  22. Autumn Wind says:
    July 6, 2020 at 8:21 am
    It’s ridiculous. Native Indians aren’t offended, they are actually honored. This PC bs has to stop. Enough is enough.

    I haven’t seen any polls that show Native Americans aren’t offended. Please show me where I can find them.

  23. “Native Indians aren’t offended, they are actually honored. This PC bs has to stop. Enough is enough.”
    ____________

    If it were “Chiefs” or “Braves” then I could see your argument but “Redskin” is a strange hill to die on. It wasn’t intended as a slur back in the day but it’s quite obviously one in today’s world.

  24. Power struggle to get snyder to sell his shares. Lower the price, force to sell.
    This will all end with synder selling his shares.

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