"As Chesapeake Energy Arena, our building has been home to so many exciting and historic moments and events," Thunder chairman Clay Bennett said. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Chesapeake Energy signed a contact for the naming rights for the arena in Oklahoma City back in 2011. The move was effective immediately, though … CHESAPEAKE LETTERS REMOVED: There were major changes at the Chesapeake Energy Arena in downtown Oklahoma City Thursday. 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. 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 Chesapeake letters were removed from the building. Aug 30 / Monday. "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 Oklahoma City Thunder announced on Tuesday that Chesapeake Energy Corporation is terminating the arena naming rights agreement with the team. This was a 12-year naming rights deal … Chesapeake, which … We had the details Thursday in our 6 p.m. newscast. The signs were removed from the arena on Thursday after the oil and gas company terminated its naming rights in April. The arena, currently known as the Chesapeake Energy Arena, will be renamed after Chesapeake announced it’s terminating its arena naming rights agreement with the team. After these contracts were signed between these two parties, the arena got renamed as “Chesapeake Energy Arena.” “As we move toward a transition to a new naming rights … Chesapeake Energy Corporation is a Oklahoma City based petroleum and natural gas production company. "As Chesapeake Energy Arena, our building has been home to so many exciting and historic moments and events," Thunder chairman Clay Bennett said. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights … OKLAHOMA CITY -- The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. 3 months. The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. 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 Ford Center was owned by Oklahoma City and was opened on June 8, 2002, three years after construction began. 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. The original 12-year agreement was announced in 2011, but the Thunder said the company had made its decision as part of a restructuring. Oklahoma City Thunder OKLAHOMA CITY (AP) The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. WATCH: Crews remove Chesapeake Energy lettering from arena July 16, 2021, 10:01 AM Saying goodbye to "the Peake” -- Back in April, we told you that Chesapeake Energy would no longer have naming rights to the arena. Chesapeake Energy Arena will be renamed after Chesapeake Energy Corp. terminated its naming rights, effective immediately, the team announced Tuesday. 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 Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Under the 12-year naming rights agreement which expires in 2023, Chesapeake Energy paid $3 million for the first year with 3% escalators. 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. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. The Thunder became a Western Conference power while playing home games at Chesapeake Energy Arena, fueled by All … Chesapeake Energy Arena will be renamed after Chesapeake Energy Corp. terminated its naming rights, effective immediately, the team announced Tuesday. It is located adjacent to the Robinson Avenue exit of I-40 Crosstown Expressway in downtown Oklahoma City. Chesapeake Energy signed a contact for the naming rights to the arena in Oklahoma City in 2011. Event Starts 7:30 PM. 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. Chesapeake Energy signed a contact for the naming rights for the arena in Oklahoma City back in 2011. 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. Chesapeake Energy Corporation has announced that it will immediately terminate the arena naming rights agreement with the team as part of its restructuring program. 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. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Chesapeake, which … 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. The Associated Press. The original Ford Center name came from a Wednesday | Sep. 14 th , 2022. Naming rights da Arena Corinthians: de ano em ano, um novo nome para o estádio. It used to be named Ford Center when the Oklahoma Ford Dealers bought the naming rights of the venue. Chesapeake Energy Arena s ownership is to the city of Oklahoma. The move was effective immediately, though the team said the name will remain until a new partner is found. 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. 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.. OKLAHOMA CITY -- The Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. But a special agreement is aligned with the Oklahoma City Thunder for the rights to sell or license the space’s naming rights. 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 Thunder is now focused on identifying a new long-term naming rights partner. 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. Maroon 5 / CANCELED. The facility was the premier component of the city's 1993 Capital Improvement P… OKLAHOMA CITY (AP) - The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. 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. The Thunder became a Western Conference power while playing home games at Chesapeake Energy Arena, fueled by All … Buy Tickets More Information. 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. Chesapeake Energy terminates naming rights deal with Thunder. The move was effective immediately, though the team said the name will remain until a new partner is found. OKLAHOMA CITY -- The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Backstreet Boys / NEW DATE. Chesapeake Energy’s original contract with the Thunder set up a … Chesapeake, which recently emerged from bankruptcy, had a 12-year agreement worth $34 million for the naming rights beginning in 2011. Drop your best business/naming ideas below. Chesapeake Energy Cooperation, the company that owns the naming rights to the Thunder's arena, is filling for bankruptcy. Friday | July 15 th , 2022. truTV’s Impractical Jokers / NEW DATE. 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. Thunder secures naming rights deal for arena, announcement yet to be made. The financial terms of the sponsorship were rather unorthodox. Thursday, July 15th 2021, 6:48 pm By: News 9 There were major changes at the Chesapeake Energy Arena in downtown Oklahoma City Thursday. OKLAHOMA CITY (KOKH) - The Chesapeake Energy Arena is no more. Chesapeake Energy terminates naming rights deal with Thunder. 11 months. Cost of naming rights: $3 million a year. 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. The managing company told News 9 Chesapeake’s naming rights have expired. During the first year, Chesapeake Energy paid $3 million for the naming rights. 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). Aug 14 / Saturday. 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 Chesapeake letters were removed from the building. Full Article. OKLAHOMA CITY (AP) The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. Chesapeake Energy Arena will be renamed after Chesapeake Energy Corp. terminated its naming rights, effective immediately, the team announced Tuesday. The Oklahoma City Thunder said the building will retain its name until further […] We think Chesapeake did a great job and we’re excited for the future.” Initial plans for the arena include installing real grass on every floor in the facility, excluding only the arena … 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. Buy Tickets More Information. “The Thunder announced they are seeking a new naming rights partner for Chesapeake Energy Arena. There were major changes at the Chesapeake Energy Arena in downtown Oklahoma City Thursday. New Naming Rights for Oklahoma City Arena. 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 Oklahoma City Thunder said the building will retain its name until further notice. Aug 21 / Saturday. The Thunder became a Western Conference power while playing home games at Chesapeake Energy Arena… ... Chesapeake Energy terminates naming rights deal with Thunder. The original 12-year agreement was announced in 2011, but the Thunder said the company had made its decision as part of… Chesapeake ( CPK) - Get Report slapped its name on Oklahoma City's arena less than a year ago and is … The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. 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. OKLAHOMA CITY (AP) - The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. The Thunder is now focused on identifying a new long-term naming rights partner. 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. Oklahoma City's home arena will have a new name as Chesapeake Energy Corp. has terminated its naming rights agreement with the Thunder. 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. The city of Oklahoma City pays for the expenses of the arena. The managing company told News 9 Chesapeake’s naming rights have expired. 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 … April 20, 2021 8:50 pm CT. 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. On Thursday, crews were seen pulling down the “Chesapeake” lettering from the side of the building. Chesapeake Energy Arena will be renamed after Chesapeake Energy Corp. terminated its naming rights, effective immediately, the team announced Tuesday. The original 12-year agreement was announced in 2011. The Chesapeake Energy Arena is being renamed following the emergence of Chesapeake Energy from its recent Chapter 11 bankruptcy. Chesapeake, which … 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). 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. "As we move toward a transition to a new naming rights partner for our arena, we would like to recognize our extraordinary history with Chesapeake Energy,” said … Oklahoman. Event Starts 7:30 PM. The venue announced the 12-years naming-rights partnership between Oklahoma City Thunder and Chesapeake Energy Corporation. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. 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. 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 managing company told News 9 Chesapeake’s naming rights have expired. A new name for the Chesapeake Energy Arena could be announced as soon as next week following removal of Chesapeake signage on Thursday. 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 original agreement was set for 12 years. Buy Tickets More Information. We'll start with the obvious. 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. The Chesapeake Energy Arena is being renamed following the emergence of Chesapeake Energy from its recent Chapter 11 bankruptcy. OKLAHOMA CITY - The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. The team announced Tuesday that Chesapeake Energy Corporation has terminated their naming rights deal for the building, leaving the Thunder to find a new partner. 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 new naming rights partner is found by the franchise. The original 12-year agreement was announced in 2011, but the Thunder said the company had made its decision as part of a … The original 'Ford Center' name came from a naming rights] deal with the Oklahoma Ford Dealers group which represents the marketing efforts of the state's Ford dealerships, rather than the Ford Motor Company itself. It is owned by the City of Oklahoma City and opened on June 8, 2002, three years after construction began. Chesapeake Energy would go on to win the naming rights for the team's home arena in 2011. "As Chesapeake Energy Arena, our building has been home to so many exciting and historic moments and events," Thunder chairman Clay Bennett said. In 2011, the company secured a 12 year naming rights deal for the home arena of the Oklahoma City Thunder. Coffee chain applies for naming rights. "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 managing company told News 9 Chesapeake’s naming rights have expired. Event Starts 2:00 PM. Full Article. When arenas were still hosting NBA fans at complete capability prior to the COVID-19 pandemic, the Oklahoma City Thunder boasted among the league's finest OKLAHOMA CITY (KOKH) - The Chesapeake Energy Arena is no more. 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. OKLAHOMA CITY (KOKH) - The Chesapeake Energy Arena is no more. Chesapeake Energy Corporation told the Thunder organization it will be terminating its arena naming rights agreement with the team effective … 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. Load More Events. OKLAHOMA CITY (KFOR)- The next time you head to an Oklahoma City Thunder game, you may not be going into the Chesapeake Energy Arena. 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. 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 arena had also played host to the Wrestling Championships in March 2014. The 12-year deal started with an annual rate of $3 million and has escalated by 3% per year. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights … The Thunder is now focused on identifying a new long-term naming rights partner. While the Thunder looks for a long-term naming rights partner, the building will continue to be called Chesapeake Energy Arena. The signs were removed from the arena on Thursday after the oil and gas company terminated its naming rights in April. The Naming Rights for Chesapeake Energy Arena expires following the 2022-23 season. Which Oklahoma City Entity do you think will win the bid on the new naming rights... 02-25-2021, 12:09 PM #2. jerrywall. 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. Buy Tickets More Information. April 20, 2021 9:26 AM Oklahoma City’s Chesapeake Energy Arena originally opened in 2002. Chesapeake Energy Corporation announced that part of its restructuring plan, it is terminating its arena naming rights agreement with the team, effective immediately. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. It was a a 12-year naming rights deal worth $3 … Chesapeake Energy Cooperation, the company that owns the naming rights to the Thunder's arena, is filling for bankruptcy. #bolts” With the bankruptcy of Chesapeake last year we were on high alert which led to the rapid structuring and execution of the naming partnership. Sue Ogrocki. There were major changes at the Chesapeake Energy Arena in downtown Oklahoma City Thursday. The original 12-year agreement was announced in 2011, but the Thunder said the company had made its decision as part of… The sign was removed from the arena on Thursday after the oil and gas company terminated its naming rights in April. The move was effective immediately, though the team said the name will remain until a new partner is found. Chesapeake Energy Arena will be renamed after the Chesapeake Energy Corp. terminated its naming rights, effective immediately, a spokesman for the team announced recently. The original 12-year agreement was announced in 2011. Saying goodbye to "the Peake” — Back in April, we told you that Chesapeake Energy would no longer have naming rights to the arena. OKLAHOMA CITY - The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. theprovince.com english ca. The Associated Press. Harlem Globetrotters / RESCHEDULED. Event Starts 7:30 PM. OKLAHOMA CITY (AP) — The Oklahoma City Thunder said Tuesday that Chesapeake Energy Corp. has terminated its arena naming rights agreement. "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." Starbucks Stadium? 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