The Texas Rangers’ Ballpark has a new name: Globe Life Park in Arlington.
Globe Life is an insurance company with North Texas ties. It's a 10-year deal, but financial terms haven't been announced.
The Rangers sold the naming rights to the ballpark once before to Ameriquest Mortgage Co. and renamed what was then The Ballpark in Arlington to Ameriquest Field in 2004. Ameriquest relinquished those rights when it closed. In 2007, the park was renamed Rangers Ballpark in Arlington.
The Globe Life and Accident Insurance Company provides life and health insurance. The executive offices are in Oklahoma City. The company is a subsidiary of McKinney-based Torchmark Corporation. The company has about 3.9 million policy holders that represent $66 billion in insurance.
The news was announced at 11 a.m. at the ballpark.
Check out the official website of Globe Life Park.
"Globe Life Park was opened as the Ballpark in Arlington in 1994. In 2004, the name was changed to Ameriquest Field in Arlington, but that only lasted three years. The official name was changed to Rangers Ballpark in Arlington in '07 after Ameriquest Mortgage was shut down during the country-wide financial crisis.
"The Rangers were one of 10 clubs that had not sold the rights to the name of their ballpark until the new deal was announced. The remaining nine are Angel Stadium of Anaheim, Dodger Stadium, Fenway Park, Marlins Park, Oriole Park at Camden Yards, Kauffman Stadium, Wrigley Field, Yankee Stadium and Nationals Park."
— Texas Rangers (@Rangers) February 5, 2014