Bill Cosgrove, the CEO of Union Home Mortgage, is the newest mortgage trade participant trying to transfer into sports activities crew possession.
Cosgrove is listed as part of a group headed by one other housing trade participant, Dream Finders Homes founder, president and CEO Patrick Zalupski trying to buy the Tampa Bay Rays, the crew confirmed to MLB.com on June 18.
Dream Finders can also be within the mortgage and title companies by its possession of Cherry Creek Mortgage and Alliant National Title.
Because of nondisclosure agreements, Cosgrove is unable to remark.
In addition to his function at Union Home, Cosgrove is a previous chairman of the Mortgage Bankers Association.
If the deal takes place, he would be part of Dan Gilbert, the proprietor of the Cleveland Cavaliers, and Mat Ishbia, who purchased the Phoenix Suns as effectively the WNBA’s Mercury as mortgage trade names who personal sports activities groups.
Bill Foley, who has present and previous ties with a number of mortgage and housing companies, together with Fidelity National Financial and Black Knight, is the proprietor of the National Hockey League’s Las Vegas Golden Knights.
A 2024 settlement with each the NBA and WNBA created a partnership between these leagues and UWM’s Mortgage Matchup web site.
Ishbia can also be part of a group headed by his brother Justin which have an settlement to amass the Chicago White Sox.
Ironically, the White Sox play in what’s now referred to as Rate Field following a sponsorship settlement.
Loandepot can also be the “official mortgage supplier of Major League Baseball” and the sponsor of the Marlins’ dwelling area in Miami.
Gilbert’s crew performs in Rocket Arena. The firm can also be recognized for its a number of sport sponsorship efforts. It returned to promoting in the course of the Super Bowl this 12 months, highlighted by a dwell in-stadium sing-along to Country Roads Take Me Home.
Pennymac Financial Services is the official mortgage supplier for Team USA and the 2028 Los Angeles Olympic and Paralympic Games.
Past stadium sponsorship offers included Ameriquest (which went out of enterprise in 2007) having the naming rights to what was then the house area for the Texas Rangers. Ameriquest’s subsidiary Argent was the first sponsor for 2004 Indy 500 winner Buddy Rice in addition to Danica Patrick early in her open-wheel racing profession.
But generally such sponsorships have gone awry. Equity Prime Mortgage’s sports activities advertising sponsorship efforts on a pair of fronts, have ended up within the authorized system.
