It is owned by the City of Oklahoma City and opened on June 8, 2002, three years after construction began. Sue Ogrocki. With Chesapeake Energy Arena signage being taken down this week, we’ll see the announcement of a new OKC Thunder naming rights deal within coming weeks.. That a new naming rights partner was on tap for the NBA team was known after it was announced by the bankruptcy-bound Chesapeake Energy; what’s not known is the replacement partner. But a special agreement is aligned with the Oklahoma City Thunder for the rights to sell or license the space’s naming rights. Maroon 5 / CANCELED. Chesapeake Energy Corporation announced that part of its restructuring plan, it is terminating its arena naming rights agreement with the team, effective immediately. Saying goodbye to "the Peake” — Back in April, we told you that Chesapeake Energy would no longer have naming rights to the arena. Chesapeake, which … Since late April, the Oklahoma City Thunder have been in search of a new name for the Chesapeake Energy Arena. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. The original Ford Center name came from a naming rights deal with the Oklahoma Ford Dealers group which represented the marketing efforts of the state's Ford dealerships, rather than the Ford Motor Company itself. It opened in 2002 and operated as the Ford Center through 2010, when it became the Chesapeake Energy Arena through a 12-year naming rights agreement. The original 12-year agreement was announced in 2011, but the Thunder said the company had made its decision as part of a restructuring. Under the 12-year naming rights agreement which expires in 2023, Chesapeake Energy paid $3 million for the first year with 3% escalators. With the announcement that the current naming rights to the Chesapeake Energy Arena have been terminated, there’s been significant interest in and speculation about its new name. Thunder secures naming rights deal for arena, announcement yet to be made. Chesapeake Energy Corporation has announced that it will immediately terminate the arena naming rights agreement with the team as part of its restructuring program. Buy Tickets More Information. OKLAHOMA CITY -- The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights … The managing company told News 9 Chesapeake’s naming rights have expired. April 20, 2021 8:50 pm CT. "As Chesapeake Energy Arena, our building has been home to so many exciting and historic moments and events," Thunder chairman Clay Bennett said. With the bankruptcy of Chesapeake last year we were on high alert which led to the rapid structuring and execution of the naming partnership. The venue has been known as Chesapeake Energy Arena since 2011, when Chesapeake Energy, a pioneer in the shale drilling industry, signed a 12-year contract reportedly worth $34m (£24.4m/€28.3m). The company accumulated more than $20 billion in debt by 2013 and still had $9.5 billion of debt at the end of last year, according to the NYT. The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement.The move was effective immediately, though the team said the name will remain until a new partner is found. Friday | July 15 th , 2022. truTV’s Impractical Jokers / NEW DATE. Chesapeake Energy Arena will be renamed after Chesapeake Energy Corp. terminated its naming rights, effective immediately, the team announced Tuesday. Event Starts 7:30 PM. Chesapeake ( CPK) - Get Report slapped its name on Oklahoma City's arena less than a year ago and is … The original 12-year agreement was announced in 2011, but the Thunder said the company had made its decision as part of… The Ford Center was owned by Oklahoma City and was opened on June 8, 2002, three years after construction began. Buy Tickets More Information. There were major changes at the Chesapeake Energy Arena in downtown Oklahoma City Thursday. NBA basketball franchise the Oklahoma City Thunder is seeking a new arena naming rights partner, with Chesapeake Energy ending its deal early amid financial restructuring. Drop your best business/naming ideas below. OKLAHOMA CITY (KFOR)- The next time you head to an Oklahoma City Thunder game, you may not be going into the Chesapeake Energy Arena. The venue has been known as Chesapeake Energy Arena since 2011, when Chesapeake Energy, a pioneer in the shale drilling industry, signed a 12-year contract reportedly worth $34m (£24.4m/€28.3m). Chesapeake Energy Corporation, which owns the naming rights to the Oklahoma City Thunder’s basketball arena, filed for bankruptcy Sunday, according to the New York Times.. Chesapeake Energy Arena s ownership is to the city of Oklahoma. OKLAHOMA CITY -- The Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Oklahoma City's home arena will have a new name as Chesapeake Energy Corp. has terminated its naming rights agreement with the Thunder. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. It used to be named Ford Center when the Oklahoma Ford Dealers bought the naming rights of the venue. The deal for Chesapeake Energy Arena is an extension of an existing relationship between the pair, as Chesapeake is one of the Thunder’s five Founding Partners. The move was effective immediately, though the team said the name will remain until a new partner is found. On Thursday, crews were seen pulling down the “Chesapeake” lettering from the side of the building. 3 months. The arena had also played host to the Wrestling Championships in March 2014. In that period, the Chesapeake Energy Arena (we will refer to it as the Chesapeake Arena, as that is what the locals call it) has hosted two different franchises. It opened in 2002 and operated as the Ford Center through 2010, when it became the Chesapeake Energy Arena through a 12-year naming rights agreement. Saying goodbye to "the Peake” -- Back in April, we told you that Chesapeake Energy would no longer have naming rights to the arena.. See more videos about Videos, Oklahoma City, Oklahoma, Calligraphy, United States. "As we look to forge a new partnership for naming rights, we will identify a partner who will help build on that history and be the centerpiece of our growing, modern and vibrant downtown environment." The move was effective immediately, though … Chesapeake Energy signed a contact for the naming rights for the arena in Oklahoma City back in 2011. The signs were removed from the arena on Thursday after the oil and gas company terminated its naming rights in April. The Thunder is now focused on identifying a new long-term naming rights partner. In 2011, a deal has been reached between the Chesapeake Energy and the Oklahoma City Thunder in which the naming rights has gone to the Energy Corporation. We had the details Thursday in our 6 p.m. newscast. Aug 14 / Saturday. The original 12-year agreement was announced in 2011. Thursday, July 15th 2021, 6:48 pm By: News 9 There were major changes at the Chesapeake Energy Arena in downtown Oklahoma City Thursday. Despite the partnership between Chesapeake Energy Corp. and the Thunder ending effective immediately, the building will continue to be named Chesapeake Energy Arena until a … The venue announced the 12-years naming-rights partnership between Oklahoma City Thunder and Chesapeake Energy Corporation. Chesapeake Energy Cooperation, the company that owns the naming rights to the Thunder's arena, is filling for bankruptcy. CHESAPEAKE LETTERS REMOVED: There were major changes at the Chesapeake Energy Arena in downtown Oklahoma City Thursday. "As we look to forge a new partnership for naming rights, we will identify a partner who will help build on that history and be the centerpiece of our growing, modern and vibrant downtown environment." It is owned by the City of Oklahoma City and opened on June 8, 2002, three years after construction began.It is located adjacent to the Robinson Avenue exit of I-40 Crosstown Expressway in downtown Oklahoma City. The original Ford Center name came from a New Naming Rights for Oklahoma City Arena. Chesapeake Energy Arena will be renamed after Chesapeake Energy Corp. terminated its naming rights, effective immediately, the team announced Tuesday. Chesapeake Energy’s original contract with the Thunder set up a … Chesapeake Energy would go on to win the naming rights for the team's home arena in 2011. As of this week, it has been made known that the organization has come to an arena agreement, but the unveiling of the said group will be anonymous for now. Chesapeake Energy Cooperation, the company that owns the naming rights to the Thunder's arena, is filling for bankruptcy. Event Starts 7:30 PM. The financial terms of the sponsorship were rather unorthodox. “As we move toward a transition to a new naming rights … Starbucks Stadium? Chesapeake Energy signed a contact for the naming rights for the arena in Oklahoma City back in 2011. Harlem Globetrotters / RESCHEDULED. The 12-year deal started with an annual rate of $3 million and has escalated by 3% per year. OKLAHOMA CITY (KOKH) - The Chesapeake Energy Arena is no more. Chesapeake Energy signed a contact for the naming rights to the arena in Oklahoma City in 2011. Oklahoman. The Chesapeake Energy Arena is being renamed following the emergence of Chesapeake Energy from its recent Chapter 11 bankruptcy. OKLAHOMA CITY (AP)The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. OKLAHOMA CITY (AP) The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Which Oklahoma City Entity do you think will win the bid on the new naming rights... 02-25-2021, 12:09 PM #2. jerrywall. "As we look to forge a new partnership for naming rights, we will identify a partner who will help build on that history and be the centerpiece of our growing, modern and vibrant downtown environment." The original 12-year agreement was announced in 2011, but the Thunder said the company had made its decision as part of… 11 months. Load More Events. The home of the Oklahoma City Thunder (NBA) will have a new name and a new look for the 2011-2012 season (if it happens), as Chesapeake Energy buys naming rights to the arena. The original agreement was set for 12 years. Chesapeake Energy terminates naming rights deal with Thunder. Chesapeake, which recently emerged from bankruptcy, had a 12-year agreement worth $34 million for the naming rights beginning in 2011. Chesapeake, which … While the Thunder looks for a long-term naming rights partner, the building will continue to be called Chesapeake Energy Arena. Full Article. Naming rights da Arena Corinthians: de ano em ano, um novo nome para o estádio. Chesapeake Energy terminates naming rights deal with Thunder. OKLAHOMA CITY (KOKH) - The Chesapeake Energy Arena is no more. After these contracts were signed between these two parties, the arena got renamed as “Chesapeake Energy Arena.” The arena seats 18,203 in its basketball configuration, including 3,380 club seats, seven party suites and forty-nine private suites. In addition to the Thunder games, the Chesapeake Arena has hosted many other major sports events. The Chesapeake Energy Arena is being renamed following the emergence of Chesapeake Energy from its recent Chapter 11 bankruptcy. 1:38 PM on Apr 20, 2021 CDT. The move was effective immediately, though the team said the name will remain until a new partner is found. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. On Tuesday, the Oklahoma City Thunder announced that the team is in the process of working to secure a new naming rights partner for the arena. OKLAHOMA CITY - The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Event Starts 7:30 PM. theprovince.com english ca. Chesapeake Energy Corporation is a Oklahoma City based petroleum and natural gas production company. Chesapeake Energy Arena will be renamed after Chesapeake Energy Corp. terminated its naming rights, effective immediately, the team announced Tuesday. Aug 21 / Saturday. Backstreet Boys / NEW DATE. The Oklahoma City Thunder made the announcement Tuesday morning on its website stating it was focused on identifying a new long-term naming rights partner and in the interim, the building would continue to be called the Chesapeake Energy Arena. Sue Hollenbeck, special projects manager with the City of Oklahoma City, confirmed Thursday owners of the Oklahoma City Thunder have a naming rights deal set pending Downtown Design Review Committee approval of … The original 12-year agreement was announced in 2011, but the Thunder said the company had made its decision as part of a restructuring. The managing company told News 9 Chesapeake’s naming rights have expired. The Chesapeake letters were removed from the building. In that period, the Chesapeake Energy Arena (we will refer to it as the Chesapeake Arena, as that is what the locals call it) has hosted two different franchises. Cost of naming rights: $3 million a year. The signs were removed from the arena on Thursday after the oil and gas company terminated its naming rights in April. The Thunder became a Western Conference power while playing home games at Chesapeake Energy Arena, fueled by All … The managing company told News 9 Chesapeake’s naming rights have expired. The Oklahoma City Thunder said the building will retain its name until further […] The Oklahoma City Thunder made the announcement Tuesday morning on its website stating it was focused on identifying a new long-term naming rights partner and in the interim, the building would continue to be called the Chesapeake Energy Arena. The facility was the premier component of the city's 1993 Capital Improvement P… Coffee chain applies for naming rights. The move was effective immediately, though the team said the name will remain until a new partner is found. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. It is located adjacent to the Robinson Avenue exit of I-40 Crosstown Expressway in downtown Oklahoma City. The Naming Rights for Chesapeake Energy Arena expires following the 2022-23 season. On July 22, 2011, a 12-year naming rights partnership was announced, the partnership between the Oklahoma City Thunder and Chesapeake Energy Corporation to rename the arena Chesapeake Energy Arena. The agreement between Chesapeake and the Thunder has an initial annual cost of $3 million with a 3% annual escalation. Buy Tickets More Information. It opened in 2002 and operated as the Ford Center through 2010, when it became the Chesapeake Energy Arena through a 12-year naming rights agreement. Buy Tickets More Information. Oklahoma City Thunder OKLAHOMA CITY (AP) The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. By my back of the napkin math, the 2020 payment would be nearly $4 million, with the vast majority of that going to the team. In that period, the Chesapeake Energy Arena (we will refer to it as the Chesapeake Arena, as that is what the locals call it) has hosted two different franchises. The Thunder and Oklahoma City-based Chesapeake announced Friday that the company -- the second-largest producer of natural gas -- agreed to a 12-year naming rights deal … The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement.The move was effective immediately, though the team said the name will remain until a new partner is found. The Associated Press. It was a a 12-year naming rights deal worth $3 … The Thunder is now focused on identifying a new long-term naming rights partner. The Associated Press. Chesapeake Energy Corporation told the Thunder organization it will be terminating its arena naming rights agreement with the team effective … During the first year, Chesapeake Energy paid $3 million for the naming rights. The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Chesapeake Energy Corporation has informed the Thunder that as part of its recently completed restructuring, it is terminating its arena naming rights agreement with the team, effective immediately. The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. According to a news release, Chesapeake Energy Corporation has informed the Thunder that as part of its recently completed restructuring, it is terminating its … The original 12-year agreement was announced in 2011. ... Chesapeake Energy terminates naming rights deal with Thunder. There were major changes at the Chesapeake Energy Arena in downtown Oklahoma City Thursday. The city of Oklahoma City pays for the expenses of the arena. April 20, 2021 9:26 AM Oklahoma City’s Chesapeake Energy Arena originally opened in 2002. The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. OKLAHOMA CITY (AP) - The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. The Oklahoma City Thunder announced on Tuesday that Chesapeake Energy Corporation is terminating the arena naming rights agreement with the team. Chesapeake Energy Arena, originally known as the Ford Center from 2002 to 2010 and Oklahoma City Arena until 2011, is an arena located in Downtown Oklahoma City, Oklahoma, United States. It opened in 2002 and since 2008 has served as the home venue of the Oklahoma City Thunder of the National Basketball Association (NBA). Chesapeake Energy Arena will be renamed after the Chesapeake Energy Corp. terminated its naming rights, effective immediately, a spokesman for the team announced recently. 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