FedEx, The $205 Million Sponsor For Washington Redskins’ Stadium, Asks Team To Change Their Name

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It seems like the Washington Redskins may be forced to finally change their name after years of public outcry.

Earlier this week, 87 investment firms that are responsible for more than $620 billion in assets wrote three separate letters asking Nike, FedEx, and Pepsi to end their business relationships with the NFL’s Washington Redskins until the team decides to drop their “racist name.

FedEX has responded and is now asking the Redskins to change their name

FedEX currently owns the naming rights to Redskins stadium which they obtained back in 1998 for $205 million.
Via ESPN ESPN

FedEx paid $205 million to the Redskins for naming rights to the stadium in 1998 in a deal that runs through 2025. Frederick Smith, the chairman, CEO and president of FedEx Corp., also owns a minority stake in the Redskins.

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