Robert Rothman is trying to sell his interest in Washington, too

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All of Daniel Snyder’s three minority partners want out.

Earlier today, we reported that Fred Smith and Dwight Schar have been trying to sell their interest in the franchise. The Washington Post reports that Robert Rothman wants out, too.

Per the Post, the there minority partners want out “in large part because they are ‘not happy being a partner'” with Snyder.

The Post says that the trio, who purchased their equity in 2003, owns roughly 40 percent of the team. Past reports have suggested that Schar and Rothman own 15 percent each, and that Smith has five percent. The team declined comment to the Post.

Per the Post, the owners have hired an investment banking firm to conduct the search for buyers. It’s our understanding that, as to Smith and Schar, efforts to find a buyer have been ongoing but unsuccessful.

53 responses to “Robert Rothman is trying to sell his interest in Washington, too

  1. Good riddance. Once we have moved on to more important things and stopped worrying about silly mascot names these guys will regret they sold their part of a very profitable business.
    Millions have already switched to forever being UPS customers so this Smith guy has bigger issues to worry about.

  2. Translation, Snyder still refuses to change the name.

    NEVER is pretty strong.

    Perhaps he’s a narcissist and admitting he was wrong 7 years ago is too painful so he’ll just maintain his current heading.

  3. the there minority partners want out “in large part because they are ‘not happy being a partner’” with Snyder.

    First of all, it’s their, not there. Secondly, who wouldn’t want out. I think Barney Fife could even be a better partner. Snyder has run that once-proud franchise into the ground. Why is he complaining about a new stadium when he can’t even field a respectable team? He’s one of the worst owner in all of professional sports.

  4. Probably doesn’t approve of the kowtowing but is afraid to say it since so many indoctrinated people can’t handle it and don’t believe in free speech.

  5. I have an extra $800 to spend if they’re willing to accept that offer for a 15% share.

  6. Here comes the Manning’s it is about time for them to venture into this. Or Maybe Michael Jordan will buy into this.

  7. This could be a blessing in disguise for Daniel Snyder. Maybe there is a clause that allows him to purchase their shares of the team. If he gets full ownership of the team he can do whatever he wants. Change the name, sell it, whatever.

  8. Now is not an ideal time to be selling ownership interest in an NFL expecting to realize full value. Business 101.

  9. No credit given for a move when it’s popular. Real courage would have been before recent events.

  10. Just can’t say redskins huh? Might as well not say car, or hot dogs, or house paint

  11. Well, certainly some dirty laundry has been exposed since Friday. Major changes certainly seem to be coming. Bezos could by this franchise and absorb losses indefinitely while the NFL loses a season.

  12. I grew up in the ’70s and have been about as much of a fan of the NFL as you can be since then. But listening to the players these days I feel like I’m ready to move on from the league as well.

  13. charliewaffles2020 says:
    July 5, 2020 at 8:53 pm

    Just can’t say redskins huh? Might as well not say car, or hot dogs, or house paint
    ———————————————————————–
    Are those other words dictionary defined racial slurs? No? Then what in the world are you talking about?

  14. These guys are idiots, selling their interest in a team just before Ron, Dwayne, and Chase win a Super Bowl. THINK! guys.

  15. I can’t think of anyone who could be worse as a general partner than Snyder. He doesn’t take criticism very well to say the least. Then again, the majority of NFL owners seem to be a tad on the Trumpian side. The Rooneys and Kraft seem to be the best of the bunch.

  16. Where’s Trump? He has always wanted in the NFL club. He has money, so he says. He would be a perfect partner for Snyder.

  17. Maybe the minority owners, all wealthy, CEO-type businessmen in their own right, are just tired of being frozen out of the decision making process by a majority owner who has spent the past 20 years running the franchise into the ground.

  18. As a lifelong Skins fan and he really does change the name I’m done, done with the NFL just like I gave up on Nascar over 10 years ago. I’ll find something more productive to do on Sundays. Maybe it’s for the best, all the energy spent, time wasted and anxiety/high blood pressure of watching games plus missing out on family time.

  19. You can always find a buyer at true market value. These guys must not be trying very hard to sell. They either dont want to sell… or they want top dollar when everyone knows that this is going to be a major down year for all sports.

  20. I hope they want out because it is a poorly run organization and not because they want to virtue signal to the woke nuts.

  21. In this case, the majority owner has more shares then all minority owners combined, which results in essentially total control

  22. ninersapologist says:
    July 5, 2020 at 8:08 pm

    Millions have already switched to forever being UPS customers so this Smith guy has bigger issues to worry about.
    —————————————————————
    Sure, sure they have.

  23. I wish Dan Snyder would sell his majority interest to Eddie DeBartolo. Leave the minority owners in place.

  24. I would like to see Bezos buy the team, Washington Prime has a nice ring to it and it would drive a certain reality TV personality crazy because the league called his bluff about having the funds to purchase the Buffalo franchise

  25. They are businessmen and are trying to get what they can before Snyder and the pandemic burn the franchise to the ground. Buyers know this and are willing to wait for the price to fall even further.
    Snyder apparently doesn’t even care that much, he’s not even in the country (or so he says).
    This is not how you run a multi-billion dollar business.

  26. Well, I imagine their shares have gone done dramatically in the last few days. The smartest thing for Snyder to do now is to come out and confirm that he will not change the name, then buy out the other three idiots for pennies on the dollar.

    Once he is done with that he should then partner with the Navajo Nation and the Red Mesa High School Redskins offering them a small percentage of the team for their support of the name.

  27. That is like making Apple Computer change it’s name, Redskins are a iconic trade mark and branding, they change it an they will be looking like XFL, I hope they never change it, the people crying for change are the same triggered people that got worked up over mega hats.

  28. Snyder should offer to change the name if he is released from stadium contract and NFL gives him permission to move team to a good city. St Louis metro area would love to have an NFL team

  29. I read an article on how Fred Smith didn’t just have an “epiphany” and had been trying to get Snyder to change the name for years. I laughed. Perhaps Smith was unaware of the name when he bought his 5% share way back in 2003? Was he also unaware of the name when he decided purchase Washington ‘s stadium naming rights? This is all about money for them and not devaluing the shares of their own company due to shares of an investment. These guys knew what they were buying into back in 2003.

  30. trubroncfan07 says:
    That is like making Apple Computer change it’s name
    ———————-
    Apple dumped the computer part of its name in 2007 and you didn’t even notice. Also Bell became AT&T and Comcast became Xfinity. Just want to keep you updated. Twenty years from now, the younger rabid fans of the team won’t even remember the old name.

  31. Maybe renaming the team will help everyone forget how big a joke they have been for the last 20+ years. That would just be an added benefit to not having a team that used an archaic, bigoted and ignorant name. If enough money walks he will make the change.

  32. whenwilliteverend says:
    July 5, 2020 at 8:10 pm
    the there minority partners want out “in large part because they are ‘not happy being a partner’” with Snyder.

    First of all, it’s their, not there. Secondly, who wouldn’t want out. I think Barney Fife could even be a better partner. Snyder has run that once-proud franchise into the ground. Why is he complaining about a new stadium when he can’t even field a respectable team? He’s one of the worst owner in all of professional sports.

    It’s neither there or their. It’s three. The three minority owners. What they need to do is have a hostile takeover.Never felt Daniel Snyder.

  33. whenwilliteverend says:
    July 5, 2020 at 8:10 pm
    the there minority partners want out “in large part because they are ‘not happy being a partner’” with Snyder.

    First of all, it’s their, not there. Secondly, who wouldn’t want out. I think Barney Fife could even be a better partner. Snyder has run that once-proud franchise into the ground. Why is he complaining about a new stadium when he can’t even field a respectable team? He’s one of the worst owner in all of professional sports.

    ————————————

    “The their minority partners” doesn’t make sense either. I’m pretty sure that was meant to say “the three minority partners”.

  34. bird33 says:
    July 5, 2020 at 8:49 pm

    No credit given for a move when it’s popular. Real courage would have been before recent events.

    Like any millionaires, the minority partners were probably trying to maximize their profit on the sale. So attempting to sell their partnership quietly before this blew up was the way to go. Now, of course, the cat is out of the bag.

  35. While they’re technically partners with Snyder there’s very little working together involved and that is the norm. Snyder is the controlling owner and can do whatever he wants. Maybe some majority owners consult with the minority owners but that would purely be a courtesy because they are under no obligation to defer to the minority owners on anything. Minority owners get the perks of being able to say they own part of an NFL team and it’s an extremely lucrative deal because NFL teams basically print money and the team valuations keep going through the roof. But they don’t actually have much say in what happens with the team and would have known that from the very beginning.

  36. Some folks here need to learn their place. For starters, this is Synder’s team. If he wants to keep the Redskins name because he doesn’t find it offensive – as does the rest of the intelligent mass, that’s great. More than half the people complaining about it don’t even watch sports.

  37. If the Redskins are renamed, it should either be a Native American reference or generic, not a black reference.

  38. So what if the minority owners are selling? Someone else will gladly buy up their shares/percentage. Team ownership is a long term investment and the NFL is a very profitable business.

  39. To all the business experts on here, NFL owners will suffer significant losses this year. Millions and millions. They will not recoup this money for several years if ever. The stadiums only hold so many seats, and merchandise sales are about the same every year. You can’t just make up millions of dollars of loss.

    Smart to sell now before you lose your behind.

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