Fred Smith, the founder of Fedex Corp and a notable financial financer of various sports efforts, died at the age of 80, his company announced on Sunday.
Smith, a marine veteran, who served in Vietnam, participated in Yale, and launched a shipping company, which became synonymous with its hometown memphis, was an fond financial contributor for sports teams, places and events around the world.
Fedex has been a sponsor of events such as Orange Bowl, St. Jude Championship and Fedexcup (PGA season-Lumb Championship) on Fedex PGA Tour.
PGA Tour Commissioner J Monahan said in a statement, “PGA Tour is sad to know about Frederick W. “Fedex has been a tremendous partner for almost 40 years, and its impact on our game through tournament sponsorship and its participation from one day of Fedexcup has been monumental.
“Fred and his company contributed significantly to the growth and popularity of PGA Tour Golf, and the seizures continue to benefit from the influence of his and Fedex, which will be felt for generations to come. We mourn the loss of a mythical business leader and philanthropist and present our condolences to our family.”
In addition to the title sponsorship of the events, the company led by Smith has attached its name in the former Fedex Fields (Commanders’ houses) and Fedexforum at Memphis. The University of Memphis and Memphis Grizzlee play their home game in the arena.
Grizzles owner Robert Pera said, “Fred has been a motivational power in the Memphis community from Smith de One, and his endless contribution as a civil leader and corporate citizen is a part of an incredible heritage that will be remembered forever in our community and country.” “He will be deeply missed.”
Beyond naming rights, Smith and Fedex NFL, UEFA Europe League, ATP Tour, which have been active in sponsoring Gibbs Racing between other racing sponsors and Ragby’s Henecan Cup.
A famous financial contributor to the University of Memphis, Smith, provided the school’s football stadium, Semans Bank Liberty Stadium to help the school a $ 50 million gift in 2023, which is the largest gift of the school in its history.
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