Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the Pennsylvania Defense and Innovation Summit in Carlisle, Pennsylvania, July 15, 2026.<\/p>\n
Tom Brenner | Bloomberg | Getty Images<\/p>\n
LOS ANGELES \u2014 For years, JPMorgan<\/a> executives have been talking with Olympics organizers about sponsoring the games. Before the next event, taking place in Los Angeles in 2028, the firm officially opted in \u2014 making a massive, nine-figure\u00a0bet<\/a>\u00a0as the Games’ first-ever global banking partner.\u00a0<\/p>\n While terms of the agreement were not disclosed, these types of partnerships are estimated to go for upwards of $200 million per four-year cycle. In an interview with CNBC, John Slusher, a former Nike executive and CEO of the U.S. Olympic and Paralympic Properties, called JPMorgan “as big a partner as we get.” <\/p>\n JPMorgan is also a vote of confidence for the organization’s highest level of sponsorship, called The Olympic Partners, which comes with exclusive marketing rights. The program, which was created in 1985, saw several major companies \u2014 including\u00a0Panasonic<\/a>,\u00a0Toyota\u00a0<\/a>and\u00a0Bridgestone\u00a0<\/a>\u2014\u00a0depart\u00a0<\/a>at the end of 2024.\u00a0<\/p>\n Slusher has been revamping the business model to attract big-ticket sponsors. He said organizers created a joint venture across the various properties to put all rights in one place for commercialization, so a company can pursue one deal across the LA Olympics, Team USA and the Paralympics, if it chooses. <\/p>\n He also said they’re trying out new marketing opportunities that extend beyond the games, including a torch relay that will extend for 100 days in all 50 U.S. states, as well as naming rights in a lot of the venues.\u00a0<\/p>\n “We try to balance not overly commercializing the Olympics, which is really important, but also driving revenue, which helps us put on a better games,” Slusher said.\u00a0<\/p>\n JPMorgan’s partnership includes the LA 2028 Olympic and Paralympic games, as well as the games in the French Alps in 2030. <\/p>\n The company also announced last week that it plans to hire more than 100 additional business bankers across Southern California \u2014 a 30% increase \u2014 pegged to its presence at the LA Games. The firm already has 5 million consumer-banking customers and 589,000 small-business clients in Los Angeles, it said.\u00a0<\/p>\n “We think it’s really important for us to bring in the ecosystem that supports these small businesses, so that they can take advantage of what’s going on in the business of the Olympics,” said Carla Hassan, chief marketing officer of JPMorgan.\u00a0<\/p>\n Hassan called the Olympics partnership a “firm-wide initiative” for JPMorgan. She said the company will evaluate the return on investment through brand strength, client and customer engagement, customer acquisition and employee pride.<\/p>\n It’s also the latest push for the firm that’s heavily invested in the sports industry, including across Madison Square Garden in New York and the Chase Center in San Francisco, home to the NBA’s Knicks and Golden State Warriors, respectively. <\/p>\n JPMorgan is also a longtime sponsor of the US Open Tennis Championships in New York, and it recently announced a multimillion-dollar deal to\u00a0sponsor\u00a0<\/a>the athletic program at Ohio State University. And, earlier this year, it launched an Athlete Council,<\/a> composed of all-star athletes including seven-time Super Bowl champion Tom Brady and World Cup champion Alex Morgan, with the aim of improving financial literacy and wealth management for those in the sports industry.\u00a0<\/p>\n Hassan said the opportunity to partner with the Olympics and Paralympics was unique and appealing because of its international reach.\u00a0<\/p>\n “Very few partnerships are that global in nature, right?” Hassan said. “It really is its own animal.”\u00a0<\/p>\n