The Texas Rangers have been looking for a naming partner for Rangers Ballpark in Arlington, and they’ve struck a deal that will be announced on Wednesday.
From the Dallas Morning News:
The deal comes less than seven months after the Rangers’ Arlington neighbor, the Dallas Cowboys, sold the naming rights to Cowboys Stadium to AT&T for a reported annual value of $17-19 million. The Rangers deal isn’t likely to approach the Cowboys financial windfall, but should help cover a number of the cash calls ownership has made in recent years to support continued growth of the payroll.
According to one baseball source, the Rangers had been talking with several Korean-based companies this winter, including electronics giant Samsung. The possibility of such a deal could only be enhanced by the presence of Korean-born outfielder Shin-Soo Choo.
Rangers Ballpark in Arlington had previously been Ameriquest Field, but the company backed out of their 20 year commitment leaving the organization without a deal.
Tags: Texas Rangers