Robinhood reveals jersey partnership with NBA’s Washington Wizards

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National Basketball Association (NBA) team Washington Wizards has signed financial services platform Robinhood as its official brokerage and jersey partner.

Being the first deal of its kind for the financial firm, Robinhood’s logo will be visible on the Wizards’ home and away jerseys starting from the 2023-24 season onwards.

The branding will stay on the upper left shoulder of the jerseys and will debut at the Wizards’ home opener at Capital One Arena in D.C. on 28 October – with representatives from Robinhood attending a special ceremony at the first quarter break.

Jim Van Stone, President of Business Operations and Chief Commercial Officer at Monumental Sports & Entertainment (MSE), commented: “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.

“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 prioritises being digital first in new fan experiences, pairing perfectly with Robinhood’s mission to cultivate a mobile focused financial system accessible for all.”

Comments were also provided by Patrick Duffy, Chief Partnership Officer for MSE, who celebrated the new partnership by saying: “In an era where sports and technology intersect more closely than ever, partnerships like this one are pivotal.

“Our fans are at the heart of everything we do, and through strategic collaborations with forward-thinking companies like Robinhood, we aim to enhance the fan experience on and off the court.”

Robinhood provides a range of investment opportunities for traders, as well as products for increasing financial literacy. The partnership will open up further opportunities for Robinhood to be integrated into the MSE enterprise.

Baiju Bhatt, Chief Creative Officer and Co-Founder of Robinhood Markets, said: “Robinhood is proud to join with the Wizards and show the D.C. region what our customers already know – Robinhood gives you the tools and confidence to invest in a way that’s right for you.

“Vlad and I both grew up in Virginia and we are excited to be back and become a mainstay of D.C. sports and to unite with a team dedicated to representing the vibrant and diverse region it plays for.

“Basketball is my favourite 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.”