Stadium sponsor FedEx asks Washington’s NFL team to change its name

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Stadium sponsor FedEx asks Washington’s NFL team to change its name
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Investors wrote to FedEx, Pepsi and other team sponsors this week asking them to request change

In this Dec. 9, 2018, file photo, FedEx Field is less than full during the second half of an NFL football game between Washington and the New York Giants in Landover, Md.The title sponsor of the Washington Redskins’ stadium wants the NFL team to change its 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.

Investors this week wrote to FedEx, PepsiCo and other sponsors asking them to request a change. FedEx is believed to be the first to take action.

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