JPMorgan Chase buys naming rights to Warriors arena (Video)

JPMorgan Chase & Co. has purchased the naming rights to the new Golden State Warriors arena in Mission Bay despite opposition to the project that is delaying its opening.

The arena will be called the Chase Center when it is expected to open in 2019. Financial terms of the deal weren't disclosed. Rick Welts, president of the Warriors, told the San Francisco Chronicle the deal was a crucial step in financing the $1 billion arena and attracting more lenders. The project is on private land and has no…