MIAMI – The Miami Marlins’ ballpark officially has a new name: loanDepot park.
Yes, the capitalization (or lack thereof) is intentional.
The team announced the new name of the park in Little Havana on Wednesday morning.
WATCH A REPLAY OF THE NEWS CONFERENCE BELOW:
LoanDepot is a California-based holding company that sells mortgage and non-mortgage lending products.
“We’re excited to welcome fans back for Opening Day at loanDepot park,” Marlins CEO Derek Jeter said in a statement. “A partnership like this, with a nationally recognized brand excelling through innovation alongside a strong philanthropic commitment, is foundational to our ability to build sustainable success.”
When the new ownership group took over, they mentioned potential revenue from naming rights for what has been Marlins Park.
The Marlins moved into the new ballpark in 2012.
Because of COVID-19, loanDepot park will be limited to about 25% capacity, or a little more than 9,000 people, for Opening Day on Thursday.
Jeter said Wednesday that he is hopeful the Marlins will be able to welcome more fans soon but deferred to local leaders on a timetable for when that may be allowed.
Jeter was also asked if the new naming rights might allow the team to spend more freely on players. See his answer in the video below: