Sports Sponsorships

Washington Redskins under pressure from sponsors to change their name
FedEx Field stadium
FedEx Field stadium Credit: Anders Krøgh Jørgensen

Adweek reported Wednesday that Washington Redskins' sponsors FedEx, Nike and PepsiCo received letters signed by more than 80 investment firms and shareholders asking the companies to sever ties with the team unless it changes its controversial name.

FedEx, which holds the naming rights for the NFL team stadium, told in a statement: "We have communicated to the team in Washington our request that they change the team name,".

Nike, on Thursday night, appeared to remove all Redskins gear from its online store but declined to comment about it.