Following the announcement of the upcoming name change of the Washington Redskins, reports are now noting that a portion of its shareholders are now looking to sell their stake in the team.
ESPN‘s Adam Schefter took to Twitter to note that a league source revealed to him motions of a potential sale. Schefter notes that a minority group of shareholders have “hired the investment bank, Moag & Company, to vet buyers.” Despite the news, early rumors were overshadowed by the decision to change the name of the NFL team. It is currently unclear who or why the group is looking to cut its ties with the football organization.
Stay tuned for more details as the story develops.
Minority shareholders of Washington’s NFL team have hired the investment bank, Moag & Company, to vet buyers and to sell their stake in the team, per a league source.
— Adam Schefter (@AdamSchefter) July 16, 2020
For more sports news, the UFC recently announced Venum as its new exclusive outfitting partner.