March 31, 2020 / 10:43 AM / 3 months ago

Deutsche Bank to sponsor Eintracht Frankfurt soccer team - sources

FILE PHOTO: The financial district with the headquarters of Germany's largest business bank, Deutsche Bank, is photographed on early evening in Frankfurt, Germany, January 29, 2019. REUTERS/Kai Pfaffenbach/File Photo

FRANKFURT (Reuters) - Deutsche Bank is set to ink a sponsorship deal with the local soccer team Eintracht Frankfurt, two people with knowledge of the matter said on Tuesday.

The deal, which could be announced as soon as Wednesday, sidelines Commerzbank, the team’s current long-time sponsor and a top Deutsche Bank competitor.

The Frankfurt-based banks, Eintracht and a spokesman for the Commerzbank Arena declined to comment.

Reporting by Patricia Uhlig; writing by Tom Sims; editing by Thomas Seythal

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