What's next? The 'Vicks' Vapor Rub Alanta Falcons?
Phillips clarifies Bank One agreement
By Larry Mayer
Senior Writer
June 25, 2003
LAKE FOREST, Ill. - Bears President and CEO Ted Phillips issued a statement Wednesday in response to an article in Tuesday's editions of the Philadelphia Inquirer that erroneously indicated that the Bears had sold the name of their team to Bank One.
In a 12-year, multi-million deal announced earlier this week, Bank One will become the Bears' presenting partner beginning this season. That in no way means that the team will be known as anything but the Chicago Bears.
The newspaper issued a retraction Wednesday, reporting that the phrase "Bears football presented by Bank One" will "not supplant the name of the Chicago Bears and is not intended to do so."
"The Chicago Bears did not, and will never, sell the rights of our team name," Phillips said in his statement. "Our partnership with Bank One does not and will not change how the team is referred to in any fashion locally or nationally.
"An inaccurate newspaper report misrepresented our arrangement with Bank One. The paper printed a correction of the report and I will further clarify our relationship with Bank One.
"As the Bears' presenting sponsor, Bank One will enjoy a presence at Soldier Field, in addition to being the presenting sponsor for the team's community outreach projects and offseason events (Fan Convention, Draft Day Party, etc.). Creating an all-encompassing relationship is what makes the partnership between Bank One and the Bears unique."
Phillips clarifies Bank One agreement
By Larry Mayer
Senior Writer
June 25, 2003
LAKE FOREST, Ill. - Bears President and CEO Ted Phillips issued a statement Wednesday in response to an article in Tuesday's editions of the Philadelphia Inquirer that erroneously indicated that the Bears had sold the name of their team to Bank One.
In a 12-year, multi-million deal announced earlier this week, Bank One will become the Bears' presenting partner beginning this season. That in no way means that the team will be known as anything but the Chicago Bears.
The newspaper issued a retraction Wednesday, reporting that the phrase "Bears football presented by Bank One" will "not supplant the name of the Chicago Bears and is not intended to do so."
"The Chicago Bears did not, and will never, sell the rights of our team name," Phillips said in his statement. "Our partnership with Bank One does not and will not change how the team is referred to in any fashion locally or nationally.
"An inaccurate newspaper report misrepresented our arrangement with Bank One. The paper printed a correction of the report and I will further clarify our relationship with Bank One.
"As the Bears' presenting sponsor, Bank One will enjoy a presence at Soldier Field, in addition to being the presenting sponsor for the team's community outreach projects and offseason events (Fan Convention, Draft Day Party, etc.). Creating an all-encompassing relationship is what makes the partnership between Bank One and the Bears unique."
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