SAN JOSE, Calif., Apr. 5, 2021 /PRNewswire/ -- PayPal Holdings
Inc. (NASDAQ: PYPL) and the San Jose Earthquakes today announced a
multi-year sponsorship agreement that includes naming rights for
the Major League Soccer (MLS) team's stadium located in
San Jose, California, which will
be called PayPal Park. The 10-year partnership is built to
celebrate Quakes fans, the San
Jose community, and local small businesses, and will
reimagine the future of live event experiences for sports fans by
leveraging PayPal's innovative payments technology.
"PayPal is deeply committed to San
Jose, and we are excited to partner with the San Jose
Earthquakes to introduce PayPal Park to our passionate Quakes
community and local small businesses," said Dan Schulman, president and CEO,
PayPal. "This is a unique opportunity to partner with a valued
sporting brand and strong community of fans, as we draw on our
digital payments technology and work together to redefine the
future of live event experiences."
"We couldn't be more thrilled to find a stadium naming rights
partner that aligns with our vision of uplifting the local
community," said Earthquakes Chief Operating Officer Jared Shawlee. "PayPal is a highly respected
global brand with its headquarters less than two miles from our
Front Office. We're excited to partner on a number of initiatives
that aim to support local small businesses and underserved youth,
while also making the stadium a more touchless experience for our
guests."
PayPal and the Earthquakes' commitment to the San Jose community will be an integral part of
the matchday experience. PayPal Park will feature a 250-seat
reserved section of the stadium that will host members of the
community and provide them with access to complimentary tickets and
transportation to and from home matches. Local youth and nonprofit
organizations will be invited to Earthquake's training sessions and
have opportunities to play games on the stadium field.
Additionally, Quakes fans will be given special offers and
discounts, giveaways, and surprise and delights from PayPal and
Venmo.
"We are thrilled to have San
Jose's stadium and great social gathering space bearing the
name of a hometown employer, community partner, and global industry
leader in PayPal," said San José Mayor Sam
Liccardo. "PayPal's partnership with the Quakes prominently
positions two authentic, wildly popular San Jose brands at our
city's gateway, greeting millions of visitors travelling annually
through our airport into Silicon Valley."
The community-first partnership will offer San Jose and Bay Area small businesses
opportunities to reach new audiences and partake in events and
programs that fuel their growth. For each home game, PayPal and the
Quakes will spotlight a small business, driving exposure through
signage, curated social media promotion and other marketing
activities. PayPal Park will also explore expanding the utility of
the stadium to facilitate other events that bring together the
local community and small businesses.
PayPal Park will be outfitted with PayPal's digital payments
technology, including the ability to pay touch-free with QR codes
at point-of-sale (POS) systems around the stadium and feature
benefits like fast lanes that provide fans paying with PayPal or
Venmo a quicker checkout experience. These advancements will help
transform PayPal Park into a leading-edge, post COVID-19 venue that
offers new and seamless ways to maximize how fans experience live
events. In addition, the Quakes will further embed the brand's
payment solutions throughout its digital properties and feature
PayPal at multiple touchpoints throughout the fan journey.
About PayPal
PayPal has remained at the forefront of
the digital payment revolution for more than 20 years. By
leveraging technology to make financial services and commerce more
convenient, affordable, and secure, the PayPal platform is
empowering more than 375 million consumers and merchants in more
than 200 markets to join and thrive in the global economy. For more
information, visit paypal.com.
About PayPal Park
PayPal Park, home to Major League
Soccer's San Jose Earthquakes, is an 18,000-seat soccer-specific
stadium located on Coleman Ave. adjacent to the San Jose International Airport. The
European-inspired building is the first cloud-enabled venue in MLS
and is among the most technologically advanced stadiums in the
world. The stadium features a canopy roof and the steepest-raked
seating in MLS to provide the best possible fan experience.
Additionally, the north end zone houses the largest outdoor bar in
North America, a two-acre fan zone
and a double-sided video scoreboard. The suites and club seats are
located at field level, giving fans a premium experience unlike any
other in professional sports. The stadium has hosted numerous
non-MLS regular season events since its inaugural season in 2015,
including the International Champions Cup, numerous U.S. Women's
National Team friendlies, the World Rugby Pacific Nations Cup, the
2016 Major League Soccer All-Star Game against Arsenal FC and a
2018 FIFA World Cup qualifier for the U.S. Men's National Team. For
more information about PayPal Park,
visit sjearthquakes.com.
PayPal Press Contact
Gideon Anstey
gbanstey@paypal.com
Earthquakes Press Contact
Jake Pisani
jpisani@sjearthquakes.com
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SOURCE PayPal, Inc.