In addition, 87 investment firms worth a collective $620 million issued letters to FedEx, Nike and PepsiCo this month requesting that they cut ties with the Redskins until the team changed its name, according to Adweek. Seemingly in response, Nike removed all Redskins merchandise from its online store.
The team then told PEOPLE in a statement on July 3 that it was launching “a thorough review of the team’s name,” a move that formalized initial discussions with the league that had occurred in recent weeks.
The Redskins have used the team name since 1933, and Snyder told USA Today in 2013 that he would “never change the name” despite efforts, including some in court, to do so over the years.
The renewed call for a name change initially emerged in light of social justice and police brutality protests that began in late May and have continued on into July following the death of George Floyd while in police custody.
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