Robinhood will sponsor the American professional
basketball team Memphis Grizzlies as the official jersey patch partner. This
partnership, set to begin in the 2024-25 NBA season, will place the fintech giant’s logo on the Grizzlies’ uniforms. According to the club, this multi-year deal features Robinhood across the Grizzlies’
ecosystem, from baseline court ads to social media and
during broadcasts.

Investing and Jersey Partner

Commenting about the sponsorship deal, Ted Roberts,
Grizzlies’ Vice President of Partnership Marketing, said: “Today, we’re excited
to announce that Robinhood Markets, a progressive leader in financial services,
will be the official investing and jersey entitlement partner of the Memphis
Grizzlies. Never settling and challenging the status quo are characteristics of
our organization and fans, and in Robinhood, we have found a perfect match.”

This partnership extends beyond financial services and
basketball. The Grizzlies and Robinhood are reportedly working together to give
back to the community. In the kickoff event, employees from both organizations
collaborated on the “Grizz Take Action Day of Service,” partnering
with Meals of Hope to package 60,000 meals for the Memphis community.

a new jersey patch partner for the future.@robinhoodapp pic.twitter.com/6z0vw9pDQd

— Memphis Grizzlies (@memgrizz) September 19, 2024

“Robinhood is proud to be home to a new
generation of investors. We see the Grizzlies Grit and Grind spirit in our
customers, and it’s something we embody as a company to deliver some of the most
innovative products in the industry. As Robinhood grows our NBA footprint, this
partnership is a natural fit and will bring us into the world’s most famous
arenas – at home and on the road,” Michael Goodbody,
Robinhood’s VP of Marketing and Communications, added.

Robinhood Broadens NBA Partnership

Robinhood is not new to the NBA league. Last year, the Washington Wizards selected the company as the official brokerage and
jersey sponsorship partner. The multi-year agreement features Robinhood’s logo
on the Wizards’ home and away jerseys for the 2023-24 NBA season.

According to a report by Finance Magnates, Robinhood’s
logo appeared on the upper left shoulder of all Wizards’ jerseys and extends
through the 2025-26 season. Notably, Robinhood collaborated with KLUTCH Sports
Group, a sports agency firm, in March this year. In this agreement, KLUTCH
Sports Group’s Property Sales division spearheads Robinhood’s partnership in
the sports and entertainment sectors.

This article was written by Jared Kirui at www.financemagnates.com.

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