The Washington Redskins face renewed pressure to change their nickname, but this time protestors are targeting their sponsors, Adweek reported.
According to the report, Nike, FedEx and PepsiCo each received letters signed by 87 investment firms and shareholders worth a combined $620 billion, to sever ties with the Redskins unless they change their controversial name. There has been more pressure in recent weeks to change their name given the social climate following the death of George Floyd in Minnesota.
The Redskins have contributed to some of that change, removing the name of former owner George Preston Marshall from their Ring of Fame.