Investment firms and shareholders worth a collective $620 billion asked team sponsors Nike, FedEx and PepsiCo to end their relationship with Washington's football team over its "Redskins" name, according to Mary Emily O'Hara of Adweek.
Per O'Hara's report, the brands each received a letter signed by 87 investors urging them to cut ties unless the team's controversial name was changed. The topic has gained momentum in recent weeks in the aftermath of the police killing of George Floyd in Minnesota, and the worldwide protests that followed.
On June 24, Washington removed a marble monument of team founder George Preston Marshall, who opposed integrating the team.