Partnership Agreement Valued at Over $44 Million, Marking the
Largest Sponsorship Agreement for an MLS Club in League History; Record
Agreement Includes $1 Million Joint Community Program Benefiting
Children's Institute, Inc.
The 2011 MLS Cup-Champion LA Galaxy and Herbalife announced today a
record 10-year extension to their existing agreement that will see the
global nutrition company continue as the official presenting sponsor and
jersey sponsor of the Galaxy. The landmark extension to the partnership
will run through the 2022 MLS season and is valued at over $44 million,
making it the single largest and longest sponsorship agreement for an
MLS club in League history.
"Herbalife bet on the Galaxy six years ago and now the MLS has exploded
in popularity and growth. For them to renew their partnership for this
extended length is a tremendous mutual reward for both of us and a
demonstration of their belief and faith in the MLS," said Tim Leiweke,
CEO of Anschutz Entertainment Group (AEG). "To have this kind of
stability and strength in a partnership that will take us into the next
decade is refreshing for the sports industry."
"We made our first commitment to the LA Galaxy and MLS more than five
years ago and we are delighted to carry on by committing to a long-term
relationship," said Michael O. Johnson, Herbalife's chairman and
CEO. "We continue to believe in the global appeal of the club, and the
sport of soccer, to promote a healthy, active life. The LA Galaxy have
created much excitement for the sport among soccer fans and among our
independent distributors around the world."
As the Galaxy's official jersey sponsor, the Herbalife name will
continue to appear prominently on the front of the club's jersey, which
is one of the top selling jerseys in MLS. Additionally, Herbalife will
remain the Galaxy's official and exclusive nutrition partner, with the
entire line of the Herbalife products available to the club's players
and coaching staff.
The Galaxy and Herbalife also announced today that as part of the
extension agreement, $2.5 million will go toward supporting charitable
efforts between the Los Angeles Galaxy Foundation and the Herbalife
Family Foundation to benefit vulnerable and underserved children. In
conjunction with this initiative, the LA Galaxy and Herbalife have
announced a joint program benefiting Children's Institute, Inc. (CII),
which will see the organization receive a $1 million donation over 10
years to support fitness and nutrition programs at a new facility CII is
planning in Watts, Calif. In addition, players from the Galaxy,
Herbalife Independent Distributors and employees from both organizations
will provide volunteer support to other CII locations.
"We are proud that we are able to help improve the lives of vulnerable
children in our communities through the Los Angeles Galaxy Foundation
and the Herbalife Family Foundation," Johnson added.
In 2005, Herbalife became the official nutrition company of the LA
Galaxy. In 2007, it became the official jersey and presenting sponsor of
the LA Galaxy. Over the past five years, the Galaxy have emerged as a
truly international brand with worldwide recognition. The club continues
to be the benchmark by which all others are measured in Major League
Soccer, winning the Supporters' Shield in each of the last two seasons
and reaching MLS Cup twice in the last three years, culminating with a
memorable 1-0 win over the Houston Dynamo in front of more than 30,000
fans at The Home Depot Center in MLS Cup 2011. Additionally, the Galaxy
have expanded their global footprint through international tours of
Australia, Canada, China, Hong Kong, Indonesia, New Zealand, the
Philippines and South Korea, as well as friendlies in Southern
California against international powers such as AC Milan, Barcelona,
Boca Juniors, Chelsea, Manchester City and Real Madrid. In the last five
years alone, the Galaxy have played in front of nearly 750,000 people
and millions more on television in these games while helping spread the
Galaxy and Herbalife brands to all corners of the globe.
About LA Galaxy
The reigning Supporters' Shield winners and MLS Cup champions, the LA
Galaxy are currently playing their 17th season in Major
League Soccer. One of the original 10 clubs in MLS, the Galaxy were
founded in June 1994 before playing their first-ever game in April 1996.
One of 19 teams in MLS, the Galaxy play all of their home games at The
Home Depot Center, a 27,000 seat stadium that opened in 2003 on the
campus of California State University - Dominguez Hills in Carson,
Calif. A three-time MLS Cup champion in addition to their two U.S. Open
Cup trophies and their CONCACAF Champions Cup title, the Galaxy boast a
roster that features many of the biggest domestic and international
stars in all of MLS. For more information about the club or to purchase
tickets for any Galaxy home game, please call the 877-3GALAXY or visit
the club's official website www.lagalaxy.com.
Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells
weight-management, nutrition, and personal care products intended to
support a healthy lifestyle. Herbalife products are sold in 81 countries
through a network of independent distributors. The company supports the
Herbalife Family Foundation and its Casa Herbalife program to help bring
good nutrition to children. Herbalife's website contains a significant
amount of information about Herbalife, including financial and other
information for investors at http://ir.Herbalife.com.
The company encourages investors to visit its website from time to time,
as information is updated and new information is posted.
About Children's Institute, Inc.
Children's Institute, Inc. is nationally recognized for its work with
children who have been traumatized by violence in their homes or
communities. Since 1906, CII has served at-risk children and families in
some of Los Angeles' most devastated neighborhoods. They provide healing
and support through treatment, early childhood, family support and child
and youth enrichment services. In addition, the agency improves practice
in the larger child welfare field through the research, training and
policy efforts of the CII Leadership Center. They currently serve
approximately 20,000 children and families, and train more than 9,000
professionals in the field annually. Their headquarters are located just
west of downtown Los Angeles, with additional facilities in Watts,
Torrance and other areas of Los Angeles County.
--- LA Galaxy presented by Herbalife ---
Mike Altieri, (310) 535-4545
Pearson, (310) 630-2216
Cárdenas, (310) 630-2215
George Fischer, (213) 745-0519