Farmers Insurance Pays $700 Million for LA NFL Stadium Rights

Football is definitely coming to Los Angeles. Do you know how I know this? Farmers Insurance has agreed to pay $700-million to have its name attached to a downtown Los Angeles football stadium. I wouldn’t expect an insurance company to dish out that kind of money for something that isn’t a sure thing. Here’s the word from The Examiner:

Tuesday morning in Los Angeles, it was announced that Farmers Insurance has agreed to be the naming sponsor for a football stadium in the downtown area of the city.

The deal is valued at $700 million over 30 years, starting with $20 million for the first year and gradually increasing over time. The proposed name of the stadium is Farmer’s Field.

The rumor is that part of the Los Angeles Convention Center will be destroyed to make room for the new stadium. My secret wish is that this will lead to E3 moving from LA to Las Vegas. The industry has grown up so much in the last five years. It needs to regress a bit…well, at least I want it to. Ha!

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Author: RPadTV

https://rpad.tv

5 thoughts on “Farmers Insurance Pays $700 Million for LA NFL Stadium Rights”

  1. Farmer's Field sounds like a medicinal marijuana thing to me. I guess this is a better bet than the other rumored names I heard:

    Arena De Los Zetos

    <acronym title="California Department of Corrections">CDC</acronym> Yard

    Schwarzenegger Stadium

    The In & Out Dome

    Crips Turf

    etc, etc,

    (For those who don't live in CA and don't get the jokes, these are all fictitious rumors)

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