Los Angeles FC will seek a new name for its Banc of California stadium, which is just two years old.
The move comes after the MLS club restructured its partnership with the bank.
LAFC announced Tuesday that Banc of California will eventually give up rights to the name of the still gleaming stadium, which is south of Los Angeles.
The club did not give a deadline to remove the Banc of California name from the stadium or to choose a new member. The property will continue to be known by its current name in the near future.
In 2016, Banc of California reached an agreement that according to different reports amounted to 15 years and $ 100 million to maintain its name in the 350 million stadium that was built by the LAFC group of investors. Neither the club nor the bank gave reasons for the restructuring of the agreement.
The modern 22,000-person stadium sits on land that was occupied for years by the Los Angeles Sports Arena, alongside the famed Coliseum. In April 2018, when the Banc of California stadium opened, it became the first outdoor sports venue to be opened in the city since 1962.
Thousands of fans have occupied the stadium’s northeast bleachers since the opening game, helping LAFC become an MLS powerhouse in its first two seasons. The club has sold out seats for its MLS home games.
His streak of home matches with a full stadium is 44 games.
The club won the Supporters’ Shield after achieving the best record of the regular season last fall. It was the best brand in MLS history.
In addition, LAFC set a league record for goal difference. He defeated the expansion team, Inter Miami, 1-0 in the first match of 2020 at the Banc of California Stadium, played in March.
The stadium is slated to host soccer matches and athletic events at the Los Angeles 2028 Olympics. It has also hosted rugby, boxing, and various concerts.