Here is the full statement from the team:
In light of recent events around our country and feedback from our community, the Washington Redskins are announcing the team will undergo a thorough review of the team’s name. This review formalizes the initial discussions the team has been having with the league in recent weeks.
Dan Snyder, Owner of the Washington Redskins, stated, “This process allows the team to take into account not only the proud tradition and history of the franchise, but also input from our alumni, the organization, sponsors, the National Football League and the local community it is proud to represent on and off the field.”
Ron Rivera, Head Coach of the Washington Redskins, remarked, “This issue is of personal importance to me and I look forward to working closely with Dan Snyder to make sure we continue the mission of honoring and supporting Native Americans and our Military.”
We believe this review can and will be conducted with the best interest of all in mind.
Amid the national debate over race, pressure has been mounting on the organization to abandon the name called a “dictionary-defined racial slur” by experts and advocates.
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.
“We have communicated to the team in Washington our request that they change the team name,“ FedEx said in a statement Thursday.
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.