Amid pressure from investors, FedEx asked the Washington NFL franchise to change its nickname.
"We have communicated to the team in Washington our request that they change the team name," a statement from the company read, per ABC 7 News in Washington, D.C.
FedEx paid $205 million for the naming rights to Washington's stadium in November 1999.
AdWeek's Mary Emily O'Hara reported Wednesday that a group of 87 investment firms had written three letters to Nike, FedEx and PepsiCo asking the companies to sever their business ties with Washington unless the team dropped its current moniker.