Major League Baseball’s (MLB) Texas Rangers have extended their stadium naming rights deal with Globe Life Insurance.
The long-term renewal will see the Arlington-based franchise’s new ballpark named Globe Life Field until 2048.
The under-construction venue is being built as a public-private partnership between the Rangers and the City of Arlington at a cost of approximately US$1.1 billion, and is expected to be completed in time for the beginning of the 2020 season. The stadium will be equipped with a retractable roof and air conditioning to enhance the spectator experience during hot summer months.
The two parties originally joined forces in 2014, in a deal which saw the club’s current stadium renamed Globe Life Park in Arlington.
“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, co-chairman of the Texas Rangers. “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.”
The Texas Rangers are currently fourth in the MLB’s American League West division, and start a three-game away series against the Oakland Athletics on 25th August.