Snapshot
October 02, 2018

PayPal signs on as official sponsor for Phoenix Suns

Participating in this sponsorship deal:

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About Sponsor:

PayPal Holdings, Inc. is an American company operating a worldwide online payments system. Online money transfers serve as electronic alternatives to traditional paper methods like checks and money orders. PayPal is one of the world's largest Internet payment companies.[6] The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee.

About Property:

The Phoenix Suns are a professional basketball team based in Phoenix, Arizona. They are members of the Pacific Division of the Western Conference in the National Basketball Association and the only team in their division not to be based in California. Their home arena since 1992 has been the US Airways Center, which was formerly known as America West Arena, in downtown Phoenix. The Arena is often referred to as the "Purple Palace" due to its purple seats.

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The Phoenix Suns and PayPal Holdings Inc. (NASDAQ: PYPL), the global technology platform and digital payments leader, announced today a first-of-its-kind global partnership built on elevating fan experiences through innovation.  PayPal will be the first-ever jersey patch partner of Arizona’s original professional sports franchise starting in the 2018-19 regular season, which tips off on Oct. 17.  Jersey sponsorships were approved by the NBA as part of a three-year pilot program and PayPal’s logo will appear prominently on the front left of Suns jerseys, opposite the Nike logo.  As part of the partnership, PayPal will also be designated the Official Payment Partner of the Phoenix Suns, the Phoenix Mercury and Real Club Deportiva Mallorca, which is also owned by Suns Managing Partner Robert Sarver and plays in Spain’s La Liga Segunda División. 
Read more at https://www.nba.com »
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