Major League Baseball's (MLB) Miami Marlins have signed a partnership with mortgage lender LoanDepot to hold their official stadium naming rights.
The franchise’s Marlins Park home will be renamed as the LoanDepot Park ahead of the new MLB season, which starts this week.
It will be the first naming rights deal since the stadium opened in 2012 and according to reports, will be worth up to US$10 million annually.
The posts announcing the new deal contained a rendering of the stadium’s new signage and confirmed the branding would be installed in the coming weeks.
LoanDepot has been making moves into MLB in the last month, having also agreed a deal with the league to be named as the presenting sponsor of the Championship Series until 2025.
The deal leaves just eight teams in the league not to have stadium naming rights partners: the Angel Stadium, Dodger Stadium, Fenway Park, Kauffman Stadium, Nationals Park, Oriole Park at Camden Yards, Wrigley Field, and Yankee Stadium.
Author: Jake Wilkin