German banking and financial services company Commerzbank has agreed a five-year extension to its naming rights deal for the home of Eintracht Frankfurt, along with signing new terms for its partnership with the Bundesliga football club.
The deal was first reported last month, but was officially confirmed today (Tuesday). The new contract will take effect from July 1 and runs until June 30, 2020. The existing contract was due to expire in 2016.
Commerzbank has also partnered Eintracht since the 2002-03 season and this relationship will continue for another five years under the naming rights deal.
Formerly known as the Waldstadion, Frankfurt-headquartered Commerzbank took up its naming rights in May 2005 after the 51,500-capacity stadium was redeveloped for Germany’s hosting of the 2005 Fifa Confederations Cup and 2006 World Cup.
The Commerzbank-Arena is also a frequent host of German national team games.