[From ESPN]
Fred Smith, a former minority owner of the Washington NFL franchise and the founder of FedEx Corp., a prominent sponsor across the landscape of sports, has died.
In Nov. 2020 the three minority owners sued Snyder in federal court, saying he interfered with a pending sale of their shares to investors willing to pay $900 million for their shares.
In 1999, Memphis, Tennessee-based FedEx signed a 27-year deal worth $205 million for the naming rights to the Washington NFL franchise's stadium but severed the agreement two years early in 2024 after Snyder sold the team to a group led by current owner Josh Harris.
...[continued]Read more of ESPN's story HERE
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