NFL's Washington Redskins to retire name and logo

The NFL's Washington Redskins announced Monday (July 13) that the team will retire its name and logo, long criticized as racist.

Lisa Bernhard produced this report.

The Washington Redskins announced Monday that the team will retire its name and logo, long criticized as racist by Native American rights groups and their supporters.

Team owner Dan Snyder, who bought the NFL franchise in 1999, had previously said he would never change the name but softened his stance after FedEx, which owns the naming rights to the team's stadium in Landover, Maryland, urged the franchise to do so.

The football team has used the “Redskins” name since 1933, a year after the sports franchise was founded.

The decision comes after management issued a statement earlier this month saying it was conducting a thorough review of the name.

No new name or logo has been announced.

In June, a group of more than 80 socially minded investment firms, collectively with more than $620 billion in assets under management, urged FedEx, Nike and PepsiCo to terminate relationships with the team unless it changed its name.

PepsiCo and Nike both followed FedEx's lead and said they welcomed the call for a review of the team's name.

The Redskins have won three Super Bowls and are one of the NFL's marquee franchises.

In June, a memorial to the team's founding owner, George Preston Marshall, who fought against the racial integration of the NFL, was removed from RFK Stadium, the team's former home in Washington, DC.