Orlando Magic’s D-League team signs naming rights deal for arena – The Stadium Business

To many, the naming rights deal is no surprise since the Magic are owned by Amway co-founder Rich DeVos. The team’s current home is known as Amway Arena.

Individuals sign up as "Independent Business Owners", or I.B.O.s. (Several years ago, Amway also procured naming rights to the home arena of the N.B.A.’s Orlando Magic, whose owner is an Amway.

Most Expensive Naming Rights Deals For NBA Arenas Since the turn of the century, large corporations have spent more than $5 billion on sponsorship agreements with professional sports teams in North America.

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Orlando Magic’s D-League team signs naming rights deal for arena – The Stadium Business Magic’s D-League Affiliate lands naming-rights partner For Lakeland’s Civic Center. yesterday "announced a five-year deal" with the D-League Lakeland Magic and RP Funding to rename the city’s Civic Center the RP Funding Center, and the agreement.

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Magic owner Rich DeVos scored a 0 million arena just as the Orlando economy tanked.. I cover health care cost and quality, entrepreneurship and business.. Last year in the old O-Rena, FORBES estimates, the team lost $23 million, for $1.1 billion for a new arena, a new football stadium and a new concert hall.

The Amway Center is a sports and entertainment venue in Orlando, Florida, located in the Downtown area of the city.It is part of Downtown Orlando Master Plan 3: a plan that also involves improvements to Camping World Stadium and the completion of the Dr. Phillips Center for the Performing Arts. The arena is home to the Orlando Magic of the NBA, the Orlando Solar Bears of the ECHL, the Orlando.

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Naming Rights, Amway Corp. will pay the city $40 million for a ten-year deal.. New arena drawings revealed, showing new home for Orlando Magic, "The league went out to the 30 teams and asked if they were able to get.. By state law, the signs can advertise only businesses or events associated with the building.

It’s Lakeland or Kissimmee for Magic D-League Team By Editors on July 13, 2016 in Basketball , WNBA/D-League A new Orlando Magic D-League team will play either at Kissimmee’s Silver Spurs Arena or Lakeland’s Lakeland Center , as the team narrows the list of contenders for 2017-2018 play to two.