Key Washington Redskins sponsor FedEx wants the NFL team to change their name, amid increasing pressure from investors and activists.
FedEx holds the naming rights to the Redskins’ home stadium.
FedEx President and CEO Frederick Smith also owns a minority stake in the NFL team.
Per ESPN, Investors and shareholders worth a combined $620 billion are calling on Nike, FedEx and PepsiCo to sever ties with the Washington Redskins unless the team changes its name, according to a report by Adweek.
FedEx, the title sponsor of the Washington Redskins' stadium, is asking the team to change its name following a report that investors are lobbying for the company to cut ties with the NFL team.https://t.co/0D8zyN8ZoL
— NPR (@NPR) July 3, 2020