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State Street partners with Major League Baseball International to become event sponsor of Ricoh Japan Opening Series 200801/23/2008 10:31 AM ET
BOSTON and TOKYO -- Major League Baseball International and State Street Corporation (NYSE: STT) today announced that State Street will sponsor baseball's Ricoh Japan Opening Series 2008.
The World Champion Boston Red Sox will open the regular season against the Oakland A's on March 25 in Tokyo. State Street will sponsor the two-game series as well as two prior exhibition games against Japanese teams.
"As a global corporation with a long history of sponsorships and community involvement in the markets in which we operate, we welcome the opportunity to join Major League Baseball in supporting this unique international event," said Ronald E. Logue, State Street's chairman and chief executive officer. "Given our partnership with the Red Sox right here at Fenway Park, it was a logical next step for State Street to sponsor the Red Sox opener in Japan."
In 2006, State Street and the Red Sox inaugurated a partnership through which State Street received naming rights to the new State Street Pavilion at Fenway Park.
"With its global presence, particularly its extensive business in Japan, as well as its partnership with the hometown Red Sox, State Street is the ideal sponsor for Major League Baseball's opening series in Japan," said Paul Archey, Sr. VP of Major League Baseball International. "This is the third season opener held in Japan, and corporate sponsors like State Street play a vital role in our efforts to promote the global growth of the game."
State Street, which has had operations in Japan since 1988, employs more than 400 professionals there, in range of businesses including investment servicing, asset management, and research and trading.
The 2008 series against the Oakland A's will be the first time the Red Sox have played in a season opener in Japan.
"We are happy and proud to have State Street joining the Red Sox in opening the 2008 season in Japan," said Larry Lucchino, President/CEO of the Red Sox. "Both the Red Sox and State Street have a long history in Boston. Following the lead of MLB and the Red Sox, State Street is going global."
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This story was not subject to the approval of Major League Baseball or its clubs.
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