The Washington Football Team is in the news for reasons other than football again, with team owner Dan Snyder reportedly trying to block the sale of stakes in the team from limited partners.
According to a report from the New York Times, three minority partners in Washington wish to sell their shares of the team, which consists of about 40% stake, but Snyder is holding up the sale, which has led to the partners asking for a federal judge to get involved.
“Such filings are rare in the opaque world of buying and selling N.F.L. teams,” wrote Ken Belson and Katherine Rosman. “Most ownership disputes are handled in-house by a league arbitrator, but by taking it to court, the minority shareholders are signaling the depth of the discord with the majority owner, Daniel Snyder.”
Report: Dan Snyder attempts to block limited partners’ sale of Washington Football Team
The Washington Football Team is in the news for reasons other than football again, with team owner Dan Snyder reportedly trying to block the sale of stakes in the team from limited partners.
According to a report from the New York Times, three minority partners in Washington wish to sell their shares of the team, which consists of about 40% stake, but Snyder is holding up the sale, which has led to the partners asking for a federal judge to get involved.
“Such filings are rare in the opaque world of buying and selling N.F.L. teams,” wrote Ken Belson and Katherine Rosman. “Most ownership disputes are handled in-house by a league arbitrator, but by taking it to court, the minority shareholders are signaling the depth of the discord with the majority owner, Daniel Snyder.”