Investors call on sponsors to sever ties with the Redskins, unless they change their name

Updated: Aug 4, 2020

According to the report, Nike, FedEx and PepsiCo each received letters signed by 87 investment firms, and shareholders worth a combined $620 billion asking the companies to cut ties with the Redskins, unless they change their name. The Redskins name has been a controversial issue for over a decade, and this could possibly force the name to change. Dan Snyder’s stance on this issue has always been that he will not change the name. In an interview with USA TODAY in 2013, Dan Snyder said “We will never change the name of the team,”. His stance still remains the same, 7 years later.

As the Redskins try to move to a new stadium, their name has become a major issue. Muriel Bowser, the mayor of D.C. said during an interview with The Team 980, “I think it’s past time for the team to deal with what offends so many people,” For years Muriel Bowser has made it clear that the Redskins should change their name. She has also wanted the Redskins to move back to D.C., and during the radio interview, when talking about the Redskins moving back to RFK Stadium, she said “It’s an obstacle for us locally, but it’s also an obstacle for the federal government who leases the land to us,”. Dan Snyder has been looking to move back to D.C. either on the RFK land, or somewhere else, but the Redskins name issue has made it an obstacle for them to move. Eleanor Holmes Norton, Congresswoman for the District of Columbia,

has made it clear that if the Redskins do not change their name, the RFK land is off the table.

Nike, FedEx and PepsiCo are three of the biggest sponsors of the Redskins. If Dan Snyder were to lose these companies as sponsors, he could lose a fortune. As many are wondering, will the threat of losing the Redskins biggest sponsors, force Dan Snyder to change the name?

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