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61-533: The Sapphire Series (also known as the Hart Sapphire Series under naming rights ) is a state netball league featuring teams from Queensland . The league is organised by Netball Queensland . The current semi-professional league was first played for during the 2019 season. It replaced earlier state leagues organised by Netball Queensland as the top level netball competition in Queensland. On

122-409: A corporate-purchased name must always be referred to in all event-related media (including live broadcasts) by a generic name (e.g., General Motors Place was referred to as "Canada Hockey Place" during the 2010 Winter Olympics ). On the other hand, Toyota Stadium was referred to as "City of Toyota Stadium" during the 2019 Rugby World Cup to avoid confusion as a form of ambush marketing; the stadium

183-552: A match which saw Thunder defeat Bull Sharks 53–44. QUT Wildcats were the inaugural premiers after defeating Cougars 60–49 in the grand final. Due to the COVID-19 pandemic , the 2020 season took place later then planned. Northern Rays were unable to compete due to travel restrictions, so the second season went ahead with six teams in the Sapphire Series. Cougars , Jets, Wildcats, Tigers , Bullsharks and Thunder also entered

244-552: A name of the sponsor as their team or club name (see List of sports clubs named after a sponsor). In association football , leagues and cup competitions sometimes adopt the name of their sponsors. For example, England 's Premier League was known as the Barclays Premier League until 2016, and its FA Cup is officially the Emirates FA Cup. The Premier League announced in 2015 that it would not accept

305-555: A national level, the HART Sapphire Series is effectively a third level league. Reserve teams compete in the Ruby Series. The Firebirds Futures are the representative team of the Sapphire Series. They originally played as Queensland Fusion, and then in 2021 were re-branded Queensland Sapphires after the Sapphire Series. Between 2001 and 2018, Netball Queensland organised a series of state leagues . These included

366-603: A property in recognition of the financial support. This is not a financial transaction in the style of the private sector. For example, in honor of the more than $ 60 million donated over the years by one donor to the National Air and Space Museum properties, the directors of the Smithsonian Institution chose to name its satellite facility in Loudoun County, Virginia , after the donor, calling it

427-620: A title sponsorship beginning in the 2016–17 season. Since 2020, the French Professional Football Ligue adopted the name of Ligue 1 Uber Eats . In college football , most bowl games have modified their traditional names in favor of title sponsors, and in some cases have abandoned their traditional names. While most include their traditional name in some form (e.g. the Rose Bowl Game presented by Prudential ), some have moved to sponsor-only names (e.g.

488-603: Is Willis Tower in Chicago which was and often still is referred to as the "Sears Tower", even though the building was sold in 1994 (but retained its former name until 2003). Sporting events such as the FIFA World Cup , UEFA Euro , Olympic Games and the Paralympic Games prohibit the use of corporate-sponsored name on stadiums, construing the practice as a form of ambush marketing . Any stadium that uses

549-500: Is not named after Toyota Motor Corporation , but the name of the city in which the stadium is located (though the city was named after the company). The regular corporate signage of a site, including billboards and deck advertising, is usually covered up in these cases; in the FIFA case the signage is replaced solely with FIFA sponsors. However, with the near-universal use of LED ribbon boards, scoreboards, and sideline boardings since

610-458: Is a commercial company that since 1979 has sold unofficial naming rights to stars ( i.e. , the astronomical objects ). The naming services are limited to an entry in a book, and carry no scientific or official authenticity according to professional astronomers. In some places, and especially in the UK and United States, the naming or renaming of arenas or events is usually met with disapproval from

671-409: Is also registered with AUSTRAC for AML/CTF compliance, providing designated services such as issuing stored value cards, financial products, and operating as a digital currency exchange service provider. The Monetary Authority of Singapore announced that it had given in-principle approval to the company for a Major Payment Institution License, allowing it to provide digital payment token services in

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732-690: Is best known to the non-farming public for its insurance business, acquired the naming rights to the University of Kentucky 's new baseball park in 2018. The Farm Bureau in turn donated those naming rights to the Kentucky Department of Agriculture , naming the venue Kentucky Proud Park . The sponsored name is the brand used by said state agency in its marketing campaign for agricultural products produced in that state. Naming rights in United States may have been traced back to 1912 with

793-632: Is closely related. Probably the most notable example of this is Friends Arena , a major stadium in Stockholm . The facility was originally known as Swedbank Arena, but in 2012 that company donated those rights to the Friends Foundation, an organization heavily sponsored by Swedbank that seeks to combat school bullying . More recently, the Kentucky Farm Bureau , an organization promoting the interests of Kentucky farmers that

854-472: Is largely traced to the family names of company founders. The record for the highest amount paid for naming rights belongs to Crypto.com Arena . On November 17, 2021, a 20-year, US$ 700 million sponsorship deal was reached between Anschutz Entertainment Group and Singapore-based Crypto.com to rename Los Angeles's Staples Center (the Staples office supply store chain was the previous naming rights holder to

915-640: The 2022 FIFA World Cup . In November 2022, the Australian Football League (AFL) partnered with Crypto.com. In April 2024, rapper Eminem promoted the Crypto.com exchange via twitter. He also provided the voice-over for the ad, which premiered on television during an NBA Playoffs game at the Crypto.com Arena. In North America, Crypto.com is licensed by Foreign MSB (Money Services Business) registrations with FINTRAC in Canada and FinCEN in

976-588: The Busch Memorial Stadium in 1966 , shortened in the 1970s to "Busch Stadium" and remained the stadium's name until it closed in 2005. By that time, Major League Baseball 's policy had changed – with Coors Field in Denver and Miller Park in Milwaukee going up in that span – and Anheuser-Busch (who retained the naming rights after selling the team) was able to use the same name for

1037-641: The Emirates Stadium , their previous ground being Arsenal Stadium . In cricket, the most famous example is The Oval , home of Surrey County Cricket Club . It has had several sponsors over the years, and is currently known as "The Kia Oval", having originally been known as the "Kennington Oval", after the district of London in which it is located. While the highest prices have traditionally been paid for stadium rights, many companies and individuals have found that selling their naming rights can be an important consideration in funding their business. Since

1098-591: The Gator Bowl was known for four playings as the TaxSlayer Bowl), a move that generally is treated with consternation from fans. Some newer bowl games have been named after title sponsors since inception—for example, the Blockbuster Bowl , original named after Blockbuster Video when it debuted in 1990, has gone through multiple sponsorship and naming changes; for its December 2023 playing, it

1159-605: The MBTA 's State Street station by Citizens Bank lasted from 1997 to 2000. In Tampa , naming rights for both streetcar stations and rolling stock are available. In December 2016, the Los Angeles County Metropolitan Transportation Authority approved a naming rights policy for its facilities and routes, but later rescinded the policy two months later over potential lawsuits for skipping sponsors. Examples outside of

1220-598: The New York Giants and New York Jets in East Rutherford, New Jersey , US, was expected to eclipse both deals, with experts estimating it would value US$ 25–30 million annually. It ultimately fell short of that benchmark, with MetLife Stadium earning $ 17 million annually from its naming rights deal with MetLife . Occasionally, the purchaser of a stadium's naming rights may choose to donate those rights to an outside organization, typically one to which it

1281-538: The Philadelphia 76ers announced Crypto.com as their official jersey patch partner. In November 2021, the company acquired the naming rights to Los Angeles's Staples Center, renaming it Crypto.com Arena in a 20-year deal reported to be valued at US$ 700 million. At the same time, Crypto.com announced a sponsorship deal with CONMEBOL, becoming an official partner of Latin America's leading soccer competition,

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1342-709: The Steven F. Udvar-Hazy Center . Walgreen Coast , a portion of the coast of Antarctica , was so named because the Walgreens pharmacy chain sponsored the Byrd Antarctic Expedition . Crypto.com Crypto.com is a cryptocurrency exchange company based in Singapore that offers various financial services, including an app, exchange, and noncustodial DeFi wallet, NFT marketplace, and direct payment service in cryptocurrency. As of June 2023,

1403-718: The Winston Cup Series featured sponsor names (including the Daytona 500 , which was given a presenting sponsor as the Daytona 500 by STP ), with little or no reference to the original names. As of the 2010s, very few exceptions remain in NASCAR (such as the Daytona 500, which no longer uses the presenting sponsor), and typically races without sponsor names only lack them because a suitable sponsor could not be secured in enough time. IndyCar follows suit, with most races (except

1464-605: The 10 largest football stadiums have their naming rights sold to corporate sponsors. The practice is widening in the United Kingdom; for instance the current stadium of Bolton Wanderers is the Toughsheet Community Stadium (after 17 years as Reebok Stadium, 4 as Macron Stadium and 5 as the University of Bolton stadium) and Arsenal Football Club 's stadium (opened for the 2006/2007 season) is

1525-592: The Australian market, adhering to the country's financial regulations. This move also facilitates the introduction of new offerings, such as launching its debit card in Australia. Crypto.com holds regulatory licenses, including an Australian Financial Services Licence (AFSL) and an Australian Credit License (ACL) issued by the Australian Securities and Investments Commission (ASIC). The company

1586-571: The Cardinals' new stadium which opened on April 4, 2006. Foxboro Stadium , the home of the New England Patriots between 1971 and 2001, was an early example of a team selling naming rights to a company that did not own it, naming the stadium Schaefer Stadium after the beer company from its opening until 1983. The public reaction to this practice is mixed. Naming rights sold to new venues have largely been accepted, especially if

1647-461: The Cardinals, " Budweiser Stadium". When this idea was rejected by Ford Frick , the Commissioner of Baseball at that time, Anheuser-Busch then proposed the title "Busch Stadium" after one of the company's founders. The name was readily approved, and Anheuser-Busch subsequently released a new product called "Busch Bavarian Beer" (now known as Busch Beer ). The name would later be shifted to

1708-718: The Copa Libertadores.   In early 2022, the company announced a partnership with the LeBron James Family Foundation to provide educational resources focused on blockchain-related topics to students of the I Promise School in Akron, Ohio. In February 2022, the company acquired the naming rights for the Formula 1 Miami Grand Prix to become the official title partner of the competition. In March 2022, Crypto.com became an official sponsor of

1769-770: The Dairy Farmers Cup, the Holden Astra Cup, the Holden Cruze Cup, the Queensland Champions Cup and the Queensland State Netball League. In 2019 the founding members of the Sapphire Series included Bond University Bull Sharks, Brisbane North Cougars , Carina Leagues Club Tigers , Ipswich Jets, Moreton Bay/USC Thunder, Northern Rays and QUT Wildcats. The inaugural season began on 25 June 2019, with

1830-487: The Evraz steel company – mistakenly believing that the company's North American division was based there. However, the main motivation for accelerating the name change was the perceived need to disassociate with the steel company, largely owned by Russian oligarchs, following the 2022 Russian invasion of Ukraine . A nonprofit organization has the option to recognize a major gift from a donor by bestowing naming rights to

1891-406: The Ruby Series were they joined by a seventh team, Darling Downs Panthers. Cougars finished the season as premiers after defeating Jets 62–47 in the grand final. The 2021 Sapphire Series featured eight teams with the return of Northern Rays and the debut of QUT Netball. Brisbane North Cougars finished the season as premiers after defeating QUT Netball 70–45 in the grand final. In December 2021 it

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1952-425: The Sapphire Series. Source : The Sapphire Series MVP award is named after Katie Walker . Naming rights The distinctive characteristic for this type of naming rights is that the buyer gets a marketing property to promote products and services, promote customer retention and/or increase market share. There are several forms of corporate sponsored names. For example, a presenting sponsor attaches

2013-553: The Small Exchange, known for offering simpler futures products. In October 2024, Crypto.com filed a lawsuit against the U.S. Securities and Exchange Commission after receiving a Wells notice from the same agency. Crypto.com services include an app, exchange, wallet and NFT marketplace. In May 2022, they partnered with Shopify to allow businesses which use the e-commerce platform to accept payments in cryptocurrency. Crypto.com signed actor Matt Damon to serve as

2074-479: The United States for AML compliance. Additionally, the service holds Money Transmitter Licenses across various U.S. states, allowing it to operate as a payment and virtual asset service provider. In 2021, Crypto.com entered into a $ 216 million deal with IG Group, acquiring stakes in a US futures exchange and a binary trading group. This move aims to enable Crypto.com to offer derivatives and futures to US customers, an area often challenging for crypto exchanges due to

2135-627: The United States include Madrid Metro where the metro line Line 2 and the station Sol was renamed from 2013 to 2016 after the mobile phone operator Vodafone , and Monumento Station in the Manila Light Rail Transit System in the Philippines , which was renamed Yamaha Monumento Station on February 14, 2018, after renovations. Naming rights in the realm of sports is common for both stadiums and sports competitions and series. In addition, some sports teams adopt

2196-664: The approval of the French authorities, and a month later announced plans to establish a European headquarters in Paris and invest 150 million euros in the French division. The company operates under the EMI (Electronic Money Institution) license and has passporting rights across various European Economic Area (EEA) countries, including France, Slovenia, Spain, Sweden, etc. Additionally, Crypto.com holds VASP (Virtual Asset Service Provider) registrations in several European countries, adhering to

2257-596: The arena, having held them since the venue's opening in 1999). The home of the NHL 's Los Angeles Kings and NBA 's Los Angeles Lakers became known as Crypto.com Arena on December 25, 2021. Prior to the Crypto.com Arena deal, the record belonged to Toronto's Scotiabank Arena (formerly the Air Canada Centre, which opened in 1999), which garnered a deal of CA$ 800 million (US$ 517 million) over 20 years starting in 2018. The New Meadowlands Stadium, shared home of

2318-690: The buyer is well-established and has strong local connections to the area, such as the cases of Rich Stadium (now Highmark BlueCross BlueShield Stadium ) in the Buffalo suburb of Orchard Park , Heinz Field (now Acrisure Stadium) in Pittsburgh , and Coors Field in Denver . Selling the naming rights to an already-existing venue has been notably less successful, as in the attempt to rename Candlestick Park in San Francisco to 3Com Park. The general public (and some media outlets) continued to call

2379-450: The company denied this. In December 2020, Crypto.com acquired The Card Group Pty Ltd, securing an Australian Financial Service License. This acquisition was approved by Australia’s Foreign Investment Review Board, enabling Crypto.com to operate within Australia's regulatory frameworks. In December 2021, Crypto.com executed a sale and purchase agreement to acquire Nadex , a U.S.-based retail-focused, CFTC regulated online exchange, and

2440-537: The company paused withdrawals. Withdrawal services were later restored alongside a statement from the company that no customer funds were lost. On August 18, 2022, it was reported that Crypto.com had been quietly letting go of hundreds of employees, beyond its initial 5% layoff in June, due to the downturn in the cryptocurrency market. By October 10, 2022, it was reported that Crypto.com had laid off over 2,000 employees (reportedly 30% to 40% of their staff) since May, due to

2501-407: The company reportedly had 100 million customers and 4,000 employees. Crypto.com's user base increased from 10 million users in early 2021 to 100 million by mid-2024, while its workforce exceeded 4,000 employees. Regarding sponsorships and marketing activities, Crypto.com attracted actor Matt Damon as a brand ambassador, collaborated with the soccer club Paris Saint-Germain F.C. , and secured

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2562-591: The company's brand ambassador in October 2021. In March 2021, Crypto.com became a sponsor of the Aston Martin Cognizant Formula One Team. In May 2021, Crypto.com became the official sponsor of Italy's Coppa Italia soccer cup final. In June 2021, Formula 1 announced a $ 100 million sponsorship deal with Crypto.com, marking the first cryptocurrency sponsorship in the sport. This partnership included branding at F1 events and

2623-404: The country. In August 2022, Crypto.com acquired two South Korean startups - the payment service provider PnLink Co., Ltd and the virtual asset service provider OK-BIT Co., Ltd. With these acquisitions, the company secured registration licenses to provide financial services under South Korea's electronic financial transaction act and as a virtual asset service provider. In June 2024, Crypto.com

2684-424: The cryptocurrency market downturn. In November 2022, the partnership exchange's token, Cronos, lost approximately $ 1 billion in value. The decline was caused in part due to concerns after the collapse of FTX , whose executive team was revealed to have used its native token, FTT, to prop up the balance sheet of a sister company and to have allegedly engaged in other fraudulent behaviors. On 14 November, Marszalek,

2745-532: The domain at US$ 5–10 million. Crypto.com is operated by Foris DAX Asia, a Singapore-based company that's a subsidiary of Foris DAX MT (Malta) Limited. The company which had 10 million users in February 2021, reported more than 50 million active users as of May 2022 and 80 million users as of June 2023. In January 2022, Crypto.com was the victim of a hack totaling US$ 15 million in stolen Ether . After some users reported suspicious activity on their accounts,

2806-577: The early 2000s, many new categories have opened up, such as the selling of the rights to name a new monkey species for $ 650,000. Naming rights to public transit stations have been sold in Las Vegas and Philadelphia ( NRG station , Jefferson Station , and Penn Medicine station ). Such sales have been contemplated in New York and Boston , and ruled out in San Francisco. A sponsorship for

2867-552: The facility what it had been known as for over three decades – i.e. Candlestick Park. After the agreement with 3Com expired, the rights were resold to Monster Cable , and the stadium was renamed Monster Park . San Francisco voters responded by passing an initiative (Proposition H) in the November 2004 elections that essentially stipulated the name must revert to Candlestick Park once the contract with Monster expired in 2008. The initiative proved largely ceremonial, however, and it

2928-513: The firm's CEO, assured users that the exchange was functioning as normal. On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions. The company's main retail trading service was unaffected. The change caused speculation that the Crypto.com Arena in Los Angeles would be renamed, but

2989-409: The general public. Some people see it as an example of a selling out , especially when they see no obvious benefit to themselves. They often refuse to use a new name, preferring instead to use a non-branded name, especially in colloquial situations. Rebranding can also lead to confusion. In such cases, there may be a lengthy period during which the property is known by both names. A common example

3050-485: The introduction of a new award. In July 2021, Crypto.com became the UFC's official fight kit partner, including prominent branding on UFC fight kits worn by athletes during matches.   In September 2021, the company became soccer club Paris Saint-Germain F.C. 's official cryptocurrency platform. The partnership included the release of exclusive non-fungible tokens on Crypto.com's NFT platform. In September 2021,

3111-410: The mid-2000s in most major league sites where only known sponsors have advertising displayed, "neutralizing" an arena has become a much easier process than in the past. Regina, Saskatchewan 's REAL District was formerly named " Evraz Place"; when discussing its 2022 rebranding, its owner Regina Exhibition Association Limited stated that it had sometimes received shipments and communications meant for

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3172-475: The name of the corporation or brand at the end (or, sometimes, beginning) of a generic, usually traditional, name (e.g. Mall of America Field at Hubert H. Humphrey Metrodome ); or, a title sponsor replaces the original name of the property with a corporate-sponsored one (as is the case with most sponsored sports venues), with no reference to the previous name. Stadium naming may have shifted in recent years to promoting corporate trade names, but in earlier decades

3233-538: The naming rights for the Staples Center , now known as the Crypto.com Arena, in a 20-year agreement valued at $ 700 million. The company was initially founded in Hong Kong by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo in 2016 as "Monaco". In 2018, the company was renamed as Crypto.com following a purchase of a domain owned by cryptography researcher and professor Matt Blaze . Domain sellers valued

3294-678: The opening of Fenway Park in Boston . The stadium's owner had owned a realty company called "Fenway Realty" (itself, like the stadium, named for a nearby parkland ), so the promotional value of the naming may have likely been considered. Despite this, it is more widely believed to have begun in 1926 when William Wrigley , the chewing gum magnate and owner of the Chicago Cubs , named his team's stadium " Wrigley Field ". In 1953, Anheuser-Busch head and St. Louis Cardinals owner August Busch, Jr. proposed renaming Sportsman's Park , occupied by

3355-452: The program ; examples include The Fleischmann's Yeast Hour , Texaco Star Theatre and The Philco Television Playhouse . This form of sponsorship fell out of favor in the late 1950s, although later examples include Mutual of Omaha's Wild Kingdom , which originally aired from 1963 to 1988. One of the last surviving examples is the now irregularly-airing Hallmark Hall of Fame , on the air since 1951. The International Star Registry

3416-703: The strict regulations surrounding these investment products. The acquisition includes the North American Derivatives Exchange (Nadex) and a 39% stake in Small Exchange, focusing on retail traders. This development is part of Crypto.com's broader strategy to comply with US regulations while expanding its service offerings. In December 2020, the company acquired an Australian Financial Service License by purchasing The Card Group Pty Ltd. This acquisition, approved by Australia’s Foreign Investment Review Board. The Australian Financial Service License enables Crypto.com to expand its services in

3477-447: The very traditional Indianapolis 500 ) embracing title sponsorship. Sports media coverage (such as ESPN news reports) typically refer to races by the town in which the home race track is held, avoiding the use of sponsored names in news coverage. Television and radio series, especially in the early days of each medium in the early-mid 20th century, frequently sold the naming rights to their programs to sponsors, most of whom bankrolled

3538-671: Was announced that Gold Coast Titans would enter a team in the 2022 Sapphire Series. Source : The majority of Sapphire Series matches are played at the Queensland State Netball Centre . Northern Rays play their home games in North Queensland , while the remaining teams can play two home games in their own venue each season. Queensland Sapphires are the representative team of the HART Sapphire Series. They originally played as Queensland Fusion. In 2021 they were re-branded Queensland Sapphires after

3599-840: Was known as the Pop-Tarts Bowl. Team names and even whole leagues have occasionally been sold to corporate sponsors as well (examples include the New York Red Bulls in the former case, the NET10 Wireless Arena Football League for the latter), but this is generally rare in the United States and more common in other parts of the world. During the 1980s, sanctioned auto races in NASCAR and IndyCar began to abandon their traditional names in favor of exclusive sponsor names. The trend expanded rapidly in NASCAR such that in 1991, all 29 races in

3660-426: Was overturned by the passage of Proposition C in 2009 in response to desperate economic times. The naming rights to the park were never resold and the stadium was closed and demolished in 2014. Sports stadiums with naming rights deals are most common in but not limited to the United States. "Named" stadiums can be found in countries including Australia, Japan, China, Finland, Canada, Israel and Germany, where 8 of

3721-474: Was recognized by Hong Kong's securities regulator as 'deemed to be licensed,' indicating that the exchange is close to obtaining full regulatory approval. The company received approval from the United Kingdom's Financial Conduct Authority to be registered as a crypto asset service provider in August 2022. In July 2022, it received regulatory approval to operate in Cyprus from the Cyprus Securities and Exchange Commission . In September 2022, Crypto.com received

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