Fred Smith, the founder of FedEx and a former minority owner of the Washington NFL franchise, died at 80. He owned a part of the team from 2003 to 2021, involved in significant issues surrounding the franchise, including a lawsuit against owner Dan Snyder. Smith was a vocal advocate for changing the team's controversial name and was known for his philanthropy and business acumen. The Washington Commanders, alongside the FedEx organization, expressed condolences following his passing, honoring his contributions both as a businessman and veteran of the US Marine Corps.
The Washington Commanders mourn the passing of Frederick W. Smith, FedEx founder and executive chairman. Mr. Smith was a highly respected philanthropist and innovative businessman.
In 2003, Smith purchased a minority share of Washington's ownership under Dan Snyder, owning 40% of the franchise before selling shares in 2021.
Smith had been in favor of a name change for the team and received public support from FedEx, issuing a statement in 2020 about the change.
The three minority owners sued Snyder in federal court, claiming he interfered with their pending sale to investors willing to pay $900 million.
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