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.

Frederick Wallace Smith, founder of FedEx, passed away this weekend at 80 years old. Smith is a former minority owner of the Washington Commanders, then the Redskins, from 2003 until 2021, when he and two other minority partners sold their combined 40% back to then-majority owner Daniel Snyder.

Former Washington Commanders owner and FedeX founder Fred Smith has died at 80 years old after owning part of team from 2003 to 2021.