The Washington Redskins officially announced Monday they will retire their 87-year-old name and Indian head logo, finally caving to pressure that the name is offensive to Native Americans.
The real reason appears to be money. “FedEx, Nike, Pepsi and Bank of America all lined up against the name, which was given to the franchise in 1933 when the team was still based in Boston,” The Associated Press reported. On July 1, FedEx threatened to pull out of $205 million stadium naming rights deal and issued a statement asking for a change to the controversial name.
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