The Washington Wizards basketball team has announced that brokerage firm Robinhood will become its official brokerage and sponsorship partner.
Under the terms of the partnership, the Robinhood logo will be featured on the Wizards' home and away uniforms beginning in the 2023-24 season, introducing fans of the NBA sports team to the Robinhood brokerage and increasing its global visibility.
"We're thrilled to tip off the season alongside Robinhood, an innovative leader in financial investing, as the Wizards jersey entitlement partner and official brokerage," said Jim Van Stone, President of Business Operations and Chief Commercial Officer of Monumental Sports & Entertainment.
"The D.C. region draws incredible global diversity, and our fans are some of the most tech-savvy in the nation. As a company, Monumental Sports prioritizes being digital first in new fan experiences, pairing perfectly with Robinhood's mission," he added.
Beginning with the Wizards vs. Indiana Pacers game on October 25, 2023, and continuing through the 2025-26 season, the Robinhood logo will adorn the upper left shoulder of all basketball team uniforms. Fans will get their first look at the new uniforms during the first game at Capital One Arena on October 28. The partnership will be officially announced during halftime of the first quarter, and fans in attendance will receive a free "Wizards x Robinhood" t-shirt.
"Robinhood is proud to join with the Wizards and show the D.C. region what our customers already know," said Baiju Bhatt, Chief Creative Officer and Founder of Robinhood Markets, of the partnership.
"Basketball is my favorite sport and has been a lifelong passion – like it is for many of our customers – by becoming the official brokerage app of the Wizards, we'll show how Robinhood is making investing accessible and help Wizards fans build their wealth for the long term," he added.
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