Desert Financial Credit Union (Phoenix, AZ) bought the naming rights to an arena at Arizona State University.
Under the terms of the five-year agreement, Desert Financial Credit union will pay $1.5 million per year for the naming rights to the arena.
The arena is currently home to men’s and women’s basketball, wrestling, gymnastics and volleyball.
The arena will be renamed from the Wells Fargo Arena to the Desert Financial Arena.
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Funny how the "official credit card of NASCAR" is a Subchapter S bank that does not pay federal or state (NV has no corporate taxes) corporate income tax but uses that taxpayer benefit to sponsor a billion dollar major league sport.
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