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Naming Rights Newsbeat

Tuesday, March 30, 2021

loanDepot Park is the new home of the Marlins

The Miami Marlins have tapped into another revenue stream. Fish Stripes can confirm Andy Slater’s report that the Marlins have sold the naming rights to their home ballpark to loanDepot. The change officially takes effect on Wednesday morning. Specifics about the length and value of the agreement are not yet known, though Man On Second Baseball’s Joe Frisaro describes the terms as “pretty lucrative.”

Ever since the venue opened in 2012, it had been called Marlins Park. Under both old and current ownership, the franchise sought a naming rights sponsor to no avail. Finally, they found a match.

From the loanDepot website:

Founded in 2010 by mortgage industry innovator Anthony Hsieh, our company is focused on creating a straightforward mortgage experience that meets—and exceeds—your expectations.

Our company’s growth reflects the success of our customer-centric approach. In our first decade alone, we’ve grown to become the nation’s fifth largest retail mortgage lender and the second largest nonbank retail originator, funding more than $275 billion since inception. Today, our nationwide team of 10,000-plus members assists more than 27,000 customers each month.

CEO Anthony Hsieh is a self-proclaimed “lifelong baseball fan.”

RoyalsRetro (AG#1F) Posted: March 30, 2021 at 04:42 PM | 39 comment(s)
  Beats: marlins, naming rights

 

 

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