The stadium sponsor of the NFL team made a request Thursday that the team change its name.
FedEx is the title sponsor to the Washington Redskins’ stadium in Landover, Md; the company paid $205 million to the Redskins for naming rights to the stadium in 1998, a deal which runs through 2025. Additionally, Frederick Smith, chairman, CEO and president of FedEx Corp., owns a minority stake in the Redskins. However, team owner Dan Snyder has recently been pressured to change the name of the Washington Redskins. Pressure has been mounting due to the social climate that followed after the death of George Floyd in Minnesota.
FedEx, Nike and PepsiCo all received letters signed by over 80 investment firms and shareholders asking the companies to either change the name of the NFL team or sever ties with it. Nike has already removed all Redskins gear from its online store, and the term “Redskins” shows no results when looking up NFL teams.
Native Americans have even called for Snyder to change the name because the team name has widely been used as a racist slur against them. In the past, groups protested the name and even took the case to court, but their efforts did not come to fruition.