Fox Business Flash leading headlines are here. Have a look at whats clicking on FoxBusiness.com.
AOC RIPS WASHINGTON REDSKINS OVER BLACKOUT TUESDAY POST
Native American groups have long argued that the Redskins group name and mascot are racist. Redskins owner Dan Snyder has actually stated for years that he would never ever alter the name.
In 1999, FedEx ended up being the identifying rights partner for the Redskins home stadium on a 27-year offer worth $205 million. FedEx Chairman and CEO Fred Smith holds an ownership stake in the NFL franchise.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Snyder is attempting to construct a new stadium for the franchise near its previous house at RFK Stadium, which is on federally owned land. Washington, D.C., legislators alerted the stadium task can not move forward unless the group name is changed.
” There is no practical path, locally or federally, for the Washington football team to return to Washington, D.C., without very first altering the group name,” Deputy Mayor John Falcicchio told the Washington Post.
CLICK ON THIS LINK FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM
This is a breaking story. Examine back for updates.
” We have communicated to the team in Washington our request that they change the group name,” FedEx said in a declaration to FOX Business.
WASHINGTON REDSKINS SPONSORS PRESSURED TO CUT TIES UNLESS TEAM CHANGES NAMES
A FedEx representative did not return an ask for remark on whether the business would consider ending its service relationship with the Washington franchise if it does not comply. A Redskins agent did not right away react.
The demand came one day after AdWeek reported that a group of 87 investment companies sent letters to 3 essential team sponsors– FedEx, Nike and PepsiCo. In the letters, the business were asked to pressure Washington group officials to alter the name and to cut ties with the organization if it did not comply. The financial investment companies have a combined worth of $620 billion.
FedEx, a key business sponsor for the Washington Redskins, has asked the NFL franchise to alter its name after being pushed by a group of investment firms who argued it is racist, the business said Thursday.
