Oracle and the Golden State Warriors today announced a naming rights
agreement in which the Arena in Oakland will be renamed the Oracle. The
10-year agreement also includes additional exclusive team sponsorship
elements with the National Basketball Association club. Financial terms
of the deal were not released.
The Oracle is the premier entertainment venue in Northern California,
and the agreement will provide the world’s largest enterprise software
company with a variety of sponsorship opportunities with the Warriors,
including exterior and interior signage, VIP customer/partner hospitality
and various other amenities.
“We are very excited about this opportunity to partner with the
Warriors and the NBA,” said Oracle President Charles Phillips. “This
is a partnership between two major global brands, combining one of the
best known names in technology with one of the best known names in sports,
both with a strong desire to be the best in their prospective industries.
With the world’s #1 database software, the fastest growing middleware
software, #1 customer relationship management software, #1 human capital
management software and #1 supply chain applications, we’re excited
to be part of the Warriors’ path to #1.”
“We welcome the opportunity to align ourselves with the Oracle
brand,” said Warriors President Robert Rowell. “The Warriors
are rapidly progressing toward our goal of becoming a championship organization,
and partnering with Oracle is another sign of that progress. They are
undoubtedly the best in the world at what they do. We look forward to
tapping into them as a valuable business resource.”
The Oracle will play host to 41 Warriors regular-season home games each
season, as well as a spectrum of other events that include concerts, and
other family-friendly entertainment. The venue underwent a $140 million
interior renovation in 1996 that increased basketball capacity by more
than 4,000, to its current occupancy maximum of 19,596. A total of 72
luxury suites and other exclusive clubs were also added.
The Oracle will continue to be managed by Oakland-Alameda County Authority
(JPA) and SMG. The JPA will be asked to approve the deal at its November
Additional information will be provided during a formal press conference
currently scheduled for Oct. 30th.
Oracle (NASDAQ: ORCL) is the world’s largest enterprise software
company. For more information about Oracle, visit our Web site at https://www.oracle.com.
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