What's A Name Worth ..?
Posted: Mon May 22, 2017 7:13 pm
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For USC apparently $70 million.
The University of Southern Cal is selling the naming rights of L.A. Memorial Coliseum to United Airlines for more than $70M over 15 years, making it the richest naming-rights deal among college football stadiums.
At $4.7M per year, United’s deal will surpass the 10-year, $41M deal Alaska Airlines signed with the Univ. of Washington for Husky Stadium naming rights in '15. Fox Sports, through its partnership with USC, has been attempting to sell naming rights to one of the nation’s most recognizable venues since '15.
How United’s brand name will be attached is not clear, but school and Fox officials in the past have said “Memorial Coliseum” would be retained in the name.
School officials have said,the revenue from a naming-rights deal is expected to help offset costs of the $270M renovation to the Coliseum. The renovation is supposed to be completed in time for the '19 football season.
The contract, itself, has not yet been signed, but an agreement is in place. While Fox takes the lead on the sale, USC and Fox have been working in tandem to identify corporate candidates for a naming-rights deal.
One of the reasons United emerged is because the airline's CEO, Oscar Munoz, is a graduate of the USC business school. L.A. Int’l Airport is one of United’s U.S. hubs.
Washington did it, now USC ... so, when is Autzen Stadium going to become "Nike Autzen-Knight Memorial Stadium" . . ?
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.
.
For USC apparently $70 million.
The University of Southern Cal is selling the naming rights of L.A. Memorial Coliseum to United Airlines for more than $70M over 15 years, making it the richest naming-rights deal among college football stadiums.
At $4.7M per year, United’s deal will surpass the 10-year, $41M deal Alaska Airlines signed with the Univ. of Washington for Husky Stadium naming rights in '15. Fox Sports, through its partnership with USC, has been attempting to sell naming rights to one of the nation’s most recognizable venues since '15.
How United’s brand name will be attached is not clear, but school and Fox officials in the past have said “Memorial Coliseum” would be retained in the name.
School officials have said,the revenue from a naming-rights deal is expected to help offset costs of the $270M renovation to the Coliseum. The renovation is supposed to be completed in time for the '19 football season.
The contract, itself, has not yet been signed, but an agreement is in place. While Fox takes the lead on the sale, USC and Fox have been working in tandem to identify corporate candidates for a naming-rights deal.
One of the reasons United emerged is because the airline's CEO, Oscar Munoz, is a graduate of the USC business school. L.A. Int’l Airport is one of United’s U.S. hubs.
Washington did it, now USC ... so, when is Autzen Stadium going to become "Nike Autzen-Knight Memorial Stadium" . . ?
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