Nike, FedEx and PepsiCo sever ties with Washington Redskins

Law on offensive trademarks is unconstitutional
Posted at 4:39 AM, Jul 03, 2020
and last updated 2020-07-03 04:55:44-04

WASHINGTON — The title sponsor of the Washington Redskins’ stadium wants the NFL team to change its name.

In a statement Thursday, FedEx said: “We have communicated to the team in Washington our request that they change the team name.“

The company paid the team $205 million in 1999 for the naming rights to FedEx Field in Landover, Maryland.

In addition to the stadium name and sponsorship agreement, FedEx CEO Frederik Smith is a minority owner.

Majority owner Daniel Snyder has shown no indications he’ll change the name since buying the team in 1999.