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Shockwaves moved through the Washington Redskins organization Thursday evening when FedEx formally requested that the organization change its name.
As you may have been able to put together, FedEx holds the naming rights of the Redskins' stadium, a deal that pays Washington around $8 million per year and runs through 2025, a source told NBC Sports Washington's JP Finlay.
Moments after the news broke, the request had the support of the Washington Wizards' franchise cornerstone, Bradley Beal.
Love it https://t.co/p6QeGMfr0V
— Bradley Beal (@RealDealBeal23) July 2, 2020
RELATED: RON RIVERA MAKES FIRST PUBLIC COMMENTS ABOUT TEAM NAME
"Love it," Beal said in response to a tweet bearing the news.
While preparing to resume the 2019-20 NBA season in Orlando, Beal has been extremely active throughout the community and social media, raising awareness against police brutality and combatting social injustice towards Black men and women.
"We have to utilize our platform as athletes to speak out for those who are unheard, to be vocal, to show face, to be involved," Beal said in a press conference earlier this week.
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The Redskins took a major blow on Thursday when corporate sponsor FedEx formally asked the team to change its name. Now, the organization must wait and see what other corporate sponsors follow suit.
Earlier this week, AdWeek reported that a number of Wall Street investment firms threatened to pull capital from FedEx, Nike and Pepsi and some other corporations unless they took action to get Washington to change the Redskins name.
It appears that action worked with FedEx, and many wonder if Nike will be the next corporate titan to ask for the Redskins to change their name. Nike makes all of the Redskins official uniforms and sideline gear, a deal that's worth millions of dollars. Nike has also been at the forefront of social issues for many years, particularly in the NFL with its endorsement deal with Colin Kaepernick.
For years Redskins owner Dan Snyder has remained steadfast that he would not change the name despite mounting outside pressure. A 2016 Washington Post survey revealed that 90 percent of Native Americans are not offended by the name and for a few years the controversy surrounding the moniker disappeared.
RELATED: FEDEX ASKS REDSKINS TO CHANGE NAME
Since the murder of George Floyd in Minnesota in May and significant protests around the world, questions about the team name have been brought into the spotlight. And now that light is shining brighter than ever.
Stay tuned. Folks in Ashburn will be.
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Shockwaves hit the Redskins on Thursday as FedEx formally asked the organization to change the team name.
FedEx has asked the Redskins to change their name. This is a massive move. FedEx has major sponsorships with the Redskins including naming rights to the stadium
“We have communicated to the team in Washington our request that they change the team name.“
— JP Finlay (@JPFinlayNBCS) July 2, 2020
FedEx holds the naming rights to the Redskins home stadium, a deal that one league source says pays Washington around $8 million per year and runs through 2025. If that isn't enough, FedEx President and CEO Frederick Smith owns a minority stake in the Redskins.
Why is FedEx asking the Redskins to change their name such a huge deal? FedEx CEO Fred Smith is also a minority owner in the Redskins. pic.twitter.com/pDDRbPmxYC
— JP Finlay (@JPFinlayNBCS) July 2, 2020
Earlier this week AdWeek reported that a number of major investment firms planned on putting corporate pressure on the Redskins to change the name by telling major corporations like Nike, Pepsi and FedEx they would pull capital from their financial positions. Whether or not that threat moved FedEx to ask the Redskins to change the name is unknown, but it seems like one wild coincidence.
RELATED: RON RIVERA MAKES FIRST PUBLIC COMMENTS ABOUT TEAM NAME
For years Redskins owner Dan Snyder has remained steadfast that he would not change the name despite mounting outside pressure. A 2016 Washington Post survey revealed that 90 percent of Native Americans are not offended by the name and for a few years the controversy surrounding the moniker disappeared.
Since the murder of George Floyd in Minnesota in May and significant protests around the world, questions about the team name have been brought into the spotlight. And now that light is shining brighter than ever.
Stay connected with the MyTeams app. Click here to download for comprehensive coverage of your teams.
MORE REDSKINS NEWS
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July 03, 2020 at 05:52AM
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Bradley Beal on FedEx requesting the Redskins change name: 'Love it' - ProBasketballTalk
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