The WNBA has a new Ally: Las Vegas Aces and Ally Financial Announce Multi-Year Deal, Aces Players Join Team Ally

Rhea-AI Summary

Ally Financial Inc. partners with the Las Vegas Aces in a multi-million-dollar deal, becoming the first official retail banking partner of the reigning back-to-back WNBA Champions. The agreement includes a national media deal to promote WNBA games, advancing Ally's goal of equal spending in men's and women's sports by 2024.

Marketing Strategist

The strategic partnership between Ally Financial and the Las Vegas Aces represents a significant investment in brand positioning within women's sports. Ally's commitment to achieving a 50/50 media spending balance between men's and women's sports by the end of 2024 is a bold move that could set a precedent for other brands in the financial sector. This initiative may enhance brand loyalty among a demographic that values gender equity in sports and could potentially open up new market segments for Ally.

Moreover, the decision to sponsor the reigning WNBA champions could create a halo effect, associating Ally with success and excellence. The inclusion of Aces players in Team Ally's brand ambassador program is designed to amplify the brand's presence in the women's sports arena, which is a rapidly growing market. This strategic alignment with high-performing athletes could enhance Ally's image as an inclusive and progressive brand, potentially leading to increased customer acquisition and retention.

Financial Analyst

Ally Financial's multi-year, multi-million-dollar deal with the Las Vegas Aces is an investment that could have implications for the company's financial performance. The partnership is likely to result in increased marketing expenses in the short term. However, it is essential to consider the potential return on investment through heightened brand visibility and customer engagement.

Ally's strategy to equalize media spending across genders could also be seen as a long-term investment in corporate social responsibility, which may resonate with socially conscious investors. The financial sector is increasingly being scrutinized for its ethical and equitable practices and Ally's initiative could position it favorably among its peers. It is important to monitor the consumer response to these marketing efforts, as it could impact the company's revenue growth and market share in the competitive financial services industry.

Cultural Analyst

The cultural impact of Ally Financial's partnership with the WNBA's Las Vegas Aces goes beyond the financial implications. This move reflects a broader societal shift towards recognizing and supporting women's sports. Ally's intentional expansion into the WNBA and its quest for media equity is a reflection of changing consumer values and the increasing demand for gender equality in all areas, including sports.

By engaging with the community through outreach initiatives and theme-nights, Ally is fostering a connection with the local community that could lead to a stronger, more positive brand association. The focus on creating social currency and increasing demand for women's sports is indicative of a strategic approach to not just marketing, but also to corporate citizenship. This could have a ripple effect, encouraging other companies to follow suit and contribute to a more equitable sports media landscape.

New national media agreement, sponsorships signify Ally's intentional expansion into the WNBA, mark a milestone on its quest for media equity

CHARLOTTE, N.C. and LAS VEGAS, March 5, 2024 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY), a leading brand in women's sports, and the Las Vegas Aces, the reigning back-to-back WNBA Champions, today announced a new multi-year, multi-million-dollar deal. Among the terms of the agreement, Ally becomes the first-ever official retail banking partner of the Aces.

Additionally, a new national media deal that encompasses WNBA games will help move Ally closer to its goal to reach equal spending in paid media across men's and women's sports. Ally intends to be close to 50/50 by the end of 2024, but there's still work to be done.

"We've been interested in entering the WNBA for years because it's one of the most popular women's sports leagues in the country, and it's imperative to Ally reaching our 50/50 goal," said Andrea Brimmer, chief marketing and PR officer at Ally. "We aren't going to sponsor just any team. The Aces are the best team in the league, drawing national attention and major respect from basketball fans worldwide, and together we have many shared values. They're the perfect addition to our growing sports portfolio."

The Las Vegas Aces are leaders within the sport, known for providing its employees and players with the best resources in the league, including a first-of-its-kind practice facility. Owner Mark Davis also set a high bar when he hired Becky Hammon, who has led the Aces to back-to-back WNBA titles in her first two seasons as head coach.

"We are thrilled to partner with Ally Financial—a like-minded brand that aligns so significantly with the Las Vegas Aces' culture and values," said Aces president Nikki Fargas. "Their dedication to making strategic decisions and efforts to support the continued growth of women's sports is unmatched in the industry, and we can't wait to see where this partnership ultimately leads for not just our franchise, but the Las Vegas community."

Ally is now the official jersey patch sponsor of the Aces and will appear on the front shoulder of all Aces game jerseys and the mascot, BUCKET$ jersey. Aces fans can expect exciting engagements with Ally this season, from sweepstakes to theme-nights. Ally will also work with the Aces on several community outreach initiatives.

Ally also introduced the two newest members of Team Ally, the company's unique brand ambassador program built to make women's sports hard to miss – Aces players Alysha Clark and Sydney Colson.

Clark and Colson will join Lilia Vu (Ally signed the World's No. 1 golfer in Jan.) and the rest of Ally's brand ambassadors who are part of this unique program to work with Ally to push for progress, increasing demand for women's sports, increasing year-round fan engagement, and creating social currency. Team Ally also advises from a player-perspective on how Ally can create the biggest impact with its investments in women's sports.

About Ally Financial

Ally Financial Inc. (NYSE: ALLY) is a financial services company with the nation's largest all-digital bank and an industry-leading auto financing business, driven by a mission to "Do It Right" and be a relentless ally for customers and communities. The company serves approximately 11 million customers through a full range of online banking services (including deposits, mortgage, and credit card products) and securities brokerage and investment advisory services. The company also includes a robust corporate finance business that offers capital for equity sponsors and middle-market companies, as well as auto financing and insurance offerings. For more information, please visit www.ally.com.

For more information and disclosures about Ally, visit https://www.ally.com/#disclosures.

For further images and news on Ally, please visit http://media.ally.com.

About the Las Vegas Aces

One of the WNBA's original franchises, the Las Vegas Aces trace their lineage to the Beehive State where they began life as the Utah Starzz. They relocated to San Antonio in 2003, before moving to the Sports & Entertainment Capital of the World prior to the 2018 season. Las Vegas Raiders owner Mark Davis purchased the team in 2021, and Aces fans were rewarded with back-to-back WNBA Championships in 2022 and 2023. The 2022 title team also became the first major professional sports franchise to bring a championship to the state of Nevada.

After becoming the first WNBA team in more than two decades to repeat as champions a year ago, the 2024 season brings with it the opportunity for an even rarer three-peat. That effort is being led by the franchise's core four of two-time M'VP A'ja Wilson; three-time WNBA champion Chelsea Gray; and two-time title winners Kelsey Plum and Jackie Young. At the helm is 2022 WNBA Coach of the Year Becky Hammon—one of the most decorated players in league history, and one of only two head coaches to win championships in their first two seasons.

In addition to the Aces success on the court, they have been equally successful off of it. In March of 2022 the team moved into a 50,000 square foot headquarters—the first complex built solely for use by a WNBA team. Heading into the 2024 season, Las Vegas is on pace to become the first team in the history of the league to sell out all of its regular season games.

Contacts:

Justin Nicolette, Ally Financial
justin.nicolette@ally.com

John Maxwell, Las Vegas Aces
jmaxwell@lasvegasaces.com 

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SOURCE Ally Financial

What partnership did Ally Financial Inc. announce with the Las Vegas Aces?

Ally Financial Inc. announced a multi-year, multi-million-dollar partnership with the Las Vegas Aces, becoming the first official retail banking partner of the WNBA Champions.

What is Ally Financial Inc.'s goal regarding media spending in sports?

Ally aims to achieve equal spending in paid media across men's and women's sports, with a target of reaching 50/50 by the end of 2024.

Who are the two newest members of Team Ally introduced in the press release?

The two newest members of Team Ally introduced in the press release are Aces players Alysha Clark and Sydney Colson.

What role do Aces players in Team Ally play?

Aces players in Team Ally work with Ally to promote women's sports, increase fan engagement, and provide player-perspective advice on investments in women's sports.