Dade Hayes Finance EditorAfter mounting pressure from sponsors, investors and activists, the Washington Redskins have formally abandoned their team nickname and logo.“Today we are announcing we will be retiring the Redskins name and logo upon completion of this review,” the team said in a statement.Owner Dan Snyder and head coach Ron Rivera, the statement added, “are working closely to develop a new name and design approach that will enhance the standing of the proud, tradition-rich franchise and inspire our sponsors, fans and community for the next 100 years.”Activists had long attacked the name and logo as demeaning to Native Americans, but Snyder insisted that it was intended (and taken) as a sincere tribute to their courage.
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