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28 May 2020 19:27:51 UTC
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EP 516 Banc of California Paid $20 Million to End LA Soccer Stadium Naming Rights
Variety.com-
Banc of California Paid $20 Million to End L.A. Soccer Stadium Name Agreement (EXCLUSIVE)
Banc of California is paying a $20.1 million fee for the right to end its stadium-naming deal with professional soccer team Los Angeles Football Club 12 years early.
The bank and Major League Soccer club on Tuesday said they were unwinding the 15-year, $100 million deal that began in 2018. By the time the agreement expires at the end of the year, Banc of California will have paid more than $35 million for the right to have its name on the venue, the company said in an SEC filing.

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