Posted: Sep 04, 2018
Cardinals Reach Naming Rights Agreement With State Farm; Iconic Arizona Venue To Be Known As "State Farm Stadium"
Tempe, AZ - The Arizona Cardinals Football Club and State Farm have reached agreement on an 18-year naming rights commitment that results in the team's home venue becoming State Farm Stadium.
"We were intent on finding a relationship that was an ideal fit with our organization and this community in terms of values, priorities and culture," said Cardinals President Michael Bidwill. With State Farm, we absolutely did that. While this is a comprehensive marketing agreement, there will be a major focus on community programs that will have a positive impact across our state. State Farm is one of the most-respected and recognizable brands in the world and Phoenix is fortunate to be one of its three hub markets."
"State Farm is committed to making a difference and so are the Arizona Cardinals," said State Farm Chairman and Chief Executive Officer Michael Tipsord. "Working with them gives us the chance to build even stronger communities in Arizona and helps us build our brand nationally."
Arizona is home to one of three of State Farm regional hubs. State Farm is an active member of the local community employing approximately 7,000 individuals. State Farm prides itself on activating its workforce in the communities they reside. Over the past four years, State Farm staff has volunteered over 2 million hours in their respective communities.
The process of integrating State Farm Stadium branding assets throughout the stadium and other team platforms will take place over the coming weeks and much of it is expected to be in place by the Cardinals regular season opener vs. Washington on September 9.
Until today, the venue had been known as University of Phoenix Stadium since its inaugural season of 2006. University of Phoenix will remain heavily connected to the Cardinals as the team's Official Education Partner.
Since it opened in 2006, the stadium has become one of the most iconic and well-known landmarks in the state of Arizona. The building has hosted some of the most incredible and unforgettable sporting events in America. In addition to 126 consecutive sold-out Cardinals home games and the Fiesta Bowl annually, the multi-purpose facility has also hosted two Super Bowls, the 2015 Pro Bowl, three college football national championship games and the NCAA men's basketball Final Four in 2017. It was recently selected to host Super Bowl LVII in 2023 and the Final Four again in 2024. In addition, State Farm Stadium will host a College Football Playoff semifinal game three times between now and 2026.
The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto and home insurance in the United States. Its nearly 19,000 agents and approximately 65,000 employees serve approximately 83 million policies and accounts - approximately 81 million auto, fire, life, health and commercial policies and approximately 2 million bank accounts. Commercial auto insurance, along with coverage for renters, business owners, boats and motorcycles, is available. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. State Farm is ranked No. 36 on the 2018 Fortune 500 list of largest companies. For more information, please visit:www.statefarm.com
The Cardinals were founded in 1898 and in 1920 became a charter member of the National Football League. The club holds the distinction of being the oldest continuously-operated franchise in professional football. While the team boasts a rich, colorful history, the last decade has been its most successful. It has seen the Cardinals win their division three times, advance to the conference championship game twice and earn the franchise's first-ever Super Bowl appearance. Their 50 total wins since 2013 are the most of any five-year stretch in team history. Away from the field, the organization's commitment to the community is a year-round mission, highlighted by the efforts of Cardinals Charities which was founded in 1990 to improve the quality of life and enhance opportunities for children, women and minorities in Arizona.www.azcardinals.com
Formed as a result of voter approval of Prop. 302 in November 2000, AZSTA is responsible for owning and operating State Farm Stadium; funding tourism promotion in Maricopa County; funding the construction and renovation of Cactus League Spring Training facilities; and funding youth and amateur sports projects and programs. For more information about the Youth & Amateur Sports Grant Program, please contact AZSTA at 623.433.7500 or visit:az-sta.com