Redskins’ minority owners looking to sell stakes amid name-change dilemma: reports

REDSKINS OFFERED AN ASSIST FROM HARLEM GLOBETROTTERS OVER NAME-CHANGE CONSIDERATION

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

The Redskins franchise has been under pressure in recent weeks to change the team name over its racial connotations. FedEx, which Smith could be the CEO, publicly requested the team change its name. That was followed by Nike pulling team gear from its internet site and Pepsi adding its voice to the conversation.

REDSKINS’ DWAYNE HASKINS THROWS HIS SUPPORT BECAUSE OF THIS NAME IF TEAM DECIDES TO CHANGE

“We have been in conversations with the NFL and Washington management for a few weeks about this issue. We believe that it is time for a change. We are pleased to begin to see the steps the team announced today, and we look forward to [a] continued partnership,” a Pepsi Co. spokesperson said in a statement.

In light of corporate pressure, the Redskins announced Friday it would perform a “thorough review” of the team name, which includes been used since 1933.

“In light of recent events around our country and feedback from our community, the Washington Redskins are announcing the team will undergo a thorough review of the team’s name. The review formalizes the initial discussions the team has been having with the league in recent events.”

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Snyder added: “This process allows the team to take into account not only the proud tradition and history of the franchise but also input from our alumni, the organization, sponsors, the National Football League and the local community it is proud to represent on and off the field.”

NFL Commissioner Roger Goodell has expressed his support about the team’s talks.

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