Who owns Philips Arena in Atlanta GA?

Who owns Philips Arena in Atlanta GA?

It is owned by the Atlanta Fulton County Recreation Authority and operated by the Hawks, owned by Tony Ressler along with a group of investors including Grant Hill . Then-Philips Arena on February 12, 2012.

Where can I find news about Philips?

News about Philips can be found at www.philips.com/newscenter. This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items.

Why did Philips Arena lose its naming rights?

In February 2018, it was reported that Philips would not renew its naming rights agreement for the arena when it expired in June 2019, primarily due to Philips’ withdrawal from the consumer electronics market in 2013. On August 29, 2018, State Farm purchased the naming rights to the arena, in a 20-year deal that cost $175 million.

What does Philips do for a living?

Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 19.5 billion and employs approximately 82,000 employees with sales and services in more than 100 countries.

How much did it cost to renovate Philips Arena?

On November 1, 2016, the Hawks and the city of Atlanta reached a financing agreement on renovating Philips Arena, with the city contributing $142.5 million and the Hawks $50 million plus cost overruns to the project.

What events have been held at Philips Arena in Georgia?

The arena hosted UFC 88, UFC 145, UFC 201, and UFC 236 in 2008, 2012, 2016 and 2019 respectively. Philips Arena also hosted the 2011 WWE Hall of Fame induction ceremony, the night before WrestleMania XXVII which was held at the Georgia Dome.

Will Atlanta pay for Arena remodel to keep hawks downtown?

“Atlanta may help pay for arena remodel to keep Hawks downtown”. The Atlanta Journal Constitution. Retrieved August 3, 2016. ^ Bluestein, Greg; Trubey, J. Scott (March 7, 2016).

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