The Texas Rangers announced Thursday, Aug. 24, the team and Globe Life and Accident Insurance Company are extending their naming rights partnership to dub the new ballpark Globe Life Field. The extension of the naming partnership will go through 2048.
Globe Life Field, which is being built through a public-private partnership between the city of Arlington and the Rangers at a cost of about $1.1 billion, is expected to open for the 2020 season.
“We are thrilled to continue as the Official Life and Health Insurance Company of the Texas Rangers,” said Globe Life President and CEO Bill Leavell, in a news release. “We’ve seen positive results from our Globe Life partnership. It’s extremely exciting to be a part of the game plan for Globe Life Field and to continue the outstanding work carried out for children through the Texas Rangers Baseball Foundation.
“On behalf of our 1,500 McKinney-based employees and nearly 400,000 Texas policyholders, we look forward to the opening of Globe Life Field’s state-of-the-art facility.”
In addition to being home to the Texas Rangers, the new ballpark will so act as a year-round multi-purpose sports/entertainment venue, thanks to the retractable roof for climate control and shelter.
“The Rangers are so pleased to be continuing our naming rights partnership with Globe Life,” said Joe Januszewski, Rangers Executive Vice President, Chief Revenue and Marketing Officer. “Over the past four seasons, we have built a strong foundation between our two organizations. As we prepare to move into our ballpark in 2020, we look forward to the increased opportunities to deepen our relationship at the new Globe Life Field and throughout the community.
“Globe Life’s leadership embraced the partnership with the Rangers from day one. They are a natural fit to continue as our naming rights partner. We are thankful for their support and excited to move together from one iconic ballpark to the best in class venue coming soon to Rangers nation.”
Globe Life’s partnership with the Rangers began in February 2014. But naming isn’t all they get, per the terms of its new deal, Globe Life will continue to be the Official Life and Health Insurance Company of the Rangers.
The company also does a lot to help the community with the Texas Rangers Baseball Foundation. In fact, over the past five years, nearly $420,000 has been distributed to impact more than 47,000 kids and 39 different communities through the Globe Life Texas Rangers Baseball and Softball grant program.
“Globe Life has been an outstanding partner over the last four years, and the Rangers are excited that this relationship will continue long into the future,” said Ray Davis, Texas Rangers Co-Chairman and Managing Partner. “We thank Globe Life for its commitment as the naming rights partner for the beautiful new Globe Life Field and for being a leader in its community efforts with our youth.”