Money Management and Squash are Similar, Says Delaware CEO
Reported by Armie Margaret Lee
Delaware Investments has inked a three-year agreement to sponsor the U.S. Open Squash Championships. Financial terms of the deal were not made public.
Pat Coyne Delaware Investments President and CEO
"As a global asset manager, we are excited to be involved with a sport that has such a strong global reach," said Delaware president and CEO
Pat Coyne in a press release. "Squash is an intense, competitive, fast-paced sport -- similar to money management these days."
This year's tournament will be held September 30-October 6 at Drexel University in Delaware's home city of Philadelphia. Delaware will be the title sponsor.
Company Press Release
Delaware Investments Signs On As Title Sponsor Of 2011 U.S. Open Squash Championships Tournament Slated for September 30th -- October 6th, at Drexel University
NEW YORK, Sep 08, 2011 -- U.S. SQUASH and Delaware Investments announced the completion of a multiyear sponsorship agreement for the U.S. Open Squash Championships. Under the agreement Delaware Investments will be the title sponsor for this year's tournament, being held September 30th- October 6th, in Philadelphia, PA. The tournament will take place at the Daskalakis Athletic Center, adjacent to the newly renovated Drexel Recreation Center, on the campus of Drexel University.
Delaware Investments, a member of Macquarie Group, is a diversified asset management firm with more than $155 billion in assets under management as of 6/30/2011. Through a team of talented investment professionals, the firm manages assets across all major asset classes for a wide range of institutional and individual investors. Delaware Investments President and CEO Patrick P. Coyne remarked, "As a global asset manager, we are excited to be involved with a sport that has such a strong global reach. Squash is an intense, competitive, fast --paced sport-similar to money management these days. We identify with these world-class athletes as we also strive every day to excel for the benefit of our clients. We look forward to our partnership with U.S. SQUASH and to showing the local community that this week there's more than one ball game in town."
The World's top ranked men and women have entered the 2011 U.S. Open Championships, led by World #1's Nick Matthew and Nicol David, who will compete for $175,000 in combined prize money and the most prestigious squash title in the US. The thirty-two player men's main draw will feature 22 of the top ranked 25 men while the sixteen player women's draw will feature 13 of the top 16 ranked women.
The tournament will be streamed worldwide on psasquashtv.com, with the semifinals and finals also being streamed on ESPN3. Fox Television will also be broadcasting the tournament in Australia and Malaysia.
More information and buy tickets for the 2011 U.S. Open Squash Championships are available on usopensquash.com.
About U.S. SQUASH
U.S. SQUASH is the national governing body and membership organization for the sport of squash in the United States and is a not-for-profit 501(c)3 organization. U.S. SQUASH is a member of the U.S. Olympic Committee and squash is considered an Olympic-level sport, however, it is not currently on the Olympic Program.
U.S. SQUASH owns and operates tournaments including the United States and North American Opens as well as all other United States National Championships. U.S. SQUASH also selects and manages the U.S. National Teams that compete internationally, maintains the official ratings and rankings system for the U.S., and invests in programs to grow participation in the sport at every level.
U.S. SQUASH's vision is for all people to have the opportunity to enhance their health and well being through the sport of squash. U.S. SQUASH's mission is to enhance people's health and well being by increasing participation in squash, to enrich the experiences of our members of all ages, and to build awareness of the sport, valuing excellence, professionalism and fiscal responsibility.