Very big new sponsorship contracts in the NBA


Image source © Los Angeles Clippers

(Boursier.com) — The Los Angeles Clippers have found a new favorite monetization partner for their future arena, the Intuit Dome. The Steve Ballmer franchisee announced that it has entered into an agreement with the “green” financial services firm Aspiration, under which the latter will appear on billboards around the room and on other marketing materials, some of which are related. Climate change and a reduction in the personal carbon footprint of supporters. While the terms of the deal were not disclosed, people familiar with the deal told CNBC that it was over $300 million.

A $1.2 billion room for Clippers’ profit

The Clippers already announced earlier this month that it had signed a long-term (23-year) naming partnership with financial software company Intuit. An agreement estimated at more than $500 million will allow the Nasdaq-listed company to give its name to the new Clippers Chamber, which is estimated to cost more than $1.2 billion.

Webull wants to make himself known with the Brooklyn Nets

Another franchise he’s talking about Monday in the NBA world: the Brooklyn Nets. The New York team has unveiled one of the league’s biggest “shirt deals” with Webull. Terms of the deal were not made clear, but people close to the NBA told CNBC, the online trading platform, that they agreed to pay about $30 million a year to appear on the jersey from the team of Kevin Durant and James Harden. Webull is an online trading platform headquartered in New York and owned by the Chinese holding company Fumi Technology. It competes with online brokers like Robinhood with its commission-free offerings and is valued at more than $1 billion, according to PitchBook.

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“Now is the time for us to let the world know we are a player, a big deal in the world of retail investing,” said Anthony Denyer, CEO of Webull Financial. “Over the past few years, we’ve purposely stayed under the radar in terms of marketing and profile, platform building and growing our client base.”


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