Churchill Downs Inc., the race track operators, announced a five-year extension of their sponsorship agreement with Yum Brands Inc, making the restaurant company the presenting operators of the Kentucky Derby.
The terms of the agreement, which began in 2006, haven't been disclosed. But it will continue till 2015 guaranteeing that the race, which will begin on May 7, will run as the 'Kentucky Derby Presented by Yum! Brands'.
This will be the sixth straight year that Yum!, the Louisville-based parent company of KFC, Pizza Hut, Taco Bell and Long John Silver's, is the presenting sponsor of the derby.
Kevin Flanery, the president of Churchill Downs Racetrack, said, Churchill Downs is very pleased to have reached this agreement with Yum! Brands, a great corporate citizen in our hometown, that extends its presenting sponsorship of the Kentucky Derby for five more years. Our partnership with Yum! Brands has been positive for both companies and good for the Kentucky Derby, an event that is a great American tradition and a springtime sports party known and loved around the world.
Both owners and trainers at Churchill Downs' spring and fall races will benefit from the deal.