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Ohio State Announces Major Partnership With JPMorgan Chase
0 Share Newsweek is a Trust Project member See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Ohio State Athletics announced a new partnership with JPMorganChase on Tuesday, making Chase the official bank sponsor of Ohio State Athletics.
As part of the partnership, all 36 Ohio State men's and women's varsity programs will wear J.P. Morgan patches on their uniforms. Additionally, the partnership is expected to yield OSU nearly $17 million per year, according to ESPN's Pete Thamel.
"JPMorganChase is a global brand with deep roots in Ohio, making them a natural partner that shares our commitment to innovation, excellence and long-term community impact," said Ross Bjork, Senior Vice President and Wolfe Foundation-Eugene Smith Endowed Athletics Director at Ohio State, per the school's press release. "Together, we have built a comprehensive and historic partnership that reflects the strong commercial strength of the Ohio State Athletics identity and the broader college athletics landscape. This relationship creates meaningful opportunities for our student-athletes that support the sustained excellence and competitiveness of our athletic programs, while honoring the tradition and values of Ohio State."
In the past five years, J.P. Morgan has hired more than 1,700 Ohio State University alumni to the firm. J.P. Morgan is creating a career pathway for Ohio State students through "classroom presentations, mentorships, scholarships, internships, and career fairs."
J.P. Morgan has also had a firm in Ohio for more than 155 years.
"Ohio State is a driving force in Columbus, and this partnership is another way we're demonstrating our commitment to the people and places we serve," said Becky Griffin, Columbus Location Leader at JPMorganChase. "With 18,000 employees in central Ohio and more than 155 years in Ohio, we're proud to build on our longstanding relationship with the university, supporting student engagement, financial education and career pathways that create opportunity beyond the game."
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