Allianz extends Ratiopharm deal

German insurance company Allianz have extended their sponsorship with basketball club Ratiopharm Ulm for four more years.

The basketball club, founded in 2001 in Ulm, have now made Allianz their premium partner, receiving backing from the insurance giant’s main headquarters in Munich.

Allianz is likely to be contributing approximately €750,000 ($575,000) annually to the club until the end of their partnership, and will be receiving LED TV advertising spots in Ratiopharm’s home stadium and their logo will also feature on the youth team’s kits.