The Memphis Grizzlies have officially shared a new multi-year partnership with online broker Robinhood Markets, designating the firm as the official investing and jersey patch partner. Starting with the 2024-25 season, the Robinhood logo will be on the upper left chest of all Grizzlies uniforms.

This collaboration comes as Robinhood experiences a resurgence in financial performance, achieving record revenue and profit in the second quarter of 2024. The company has benefited from rising interest income and increased cryptocurrency trading, with its shares surging 87% year-to-date, nearing a 52-week high.

Grizzlies Announce Official Partnership with Robinhood Markets

Also, Ted Roberts, Vice President of Partnership Marketing for the Grizzlies, expressed enthusiasm for the partnership, stating, “AAs an organization, we believe in pushing ourselves to deliver creative and meaningful partnerships to the Grizzlies community. Today, we’re excited to announce that Robinhood Markets, Inc., a progressive leader in financial services, will be the official investing and jersey entitlement partner of the Memphis Grizzlies. Never settling and challenging the status quo are characteristics of our organization and fans, and in Robinhood, we have found a perfect match.”

In addition to the jersey patch, Robinhood will gain significant visibility throughout the Grizzlies’ home court, with its logo featured along both baselines. The partnership will also extend across various media platforms, including broadcasts and social media.

Moreover, Michael Goodbody, VP of Marketing and Communications at Robinhood, emphasized the strategic nature of the partnership. “Robinhood’s partnership with the Grizzlies is a strategic move, driven by a deep understanding of what our customers’ want and where they are. Robinhood is proud to be home to a new generation of investors. We see the Grizzlies Grit and Grind spirit in our customers, and it’s something we embody as a company to deliver some of the most innovative products in the industry.” he noted.

So, to kick off their collaboration, the Grizzlies and Robinhood are joining forces for the Grizz Take Action Day of Service on September 19, where employees from both organizations will package 60,000 meals for the Memphis community, showcasing their commitment to giving back.

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