Washington’s football team will have a new name and logo at some point before the 2020 NFL season. It is a decision that made FedEx very happy.
“We appreciate the team’s decision to change its name and logo, and we look forward to the outcome of the next step in the process,” the company said in a statement released to NBC Sports Washington on Monday afternoon.
Frederick Smith, the CEO of FedEx, is also a minority owner of Washington. He is reportedly one of several minority owners interested in selling his shares.
FedEx was one of many sponsors applying huge pressure to the franchise to change their name, even going as far to threaten to remove all signage from the team’s stadium, which bears FedEx’s name, after the 2020 season if there was no change.
The removal of the signage would’ve been the first step towards terminating the entire sponsorship deal with just cause, which could cost Washington owner Dan Snyder up to $45 million if the deal was thrown out.
Even though he went down kicking and screaming, congrats to Dan Snyder for finally bringing the team into the 21st century.WANT MORE FROM TOTALPROSPORTS? FOLLOW US ON GOOGLE NEWS.