Big Law
Capital One and the MLB Reach a $125 Million Sponsorship Deal
Major League Baseball has a new banking partner: Capital One.
Under the deal, the company becomes the “official bank and credit card partner” of MLB, according to an announcement Monday. Terms of the deal weren’t made public, but people familiar with the matter told CNBC that it is about $125 million for MLB over five years. The people declined to be named because the numbers weren’t publicly disclosed.
The bank can use MLB and its 30 teams in advertising campaigns, and Capital One will also be a presenting sponsor for the World Series.
