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batgrafix

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http://charlotte.bizjournals.com/charlotte...12/daily46.html

Panthers sign BofA for stadium naming rights
Erik Spanberg
Senior Staff Writer

Bank of America Corp. has committed to a deal worth at least $140 million to rename Ericsson Stadium as Bank of America Stadium, the Charlotte Business Journal is reporting today.

The Carolina Panthers completed the 20- to 25-year agreement this week with Charlotte-based BofA, according to sources familiar with the negotiations. The bank replaces telecommunications firm L.M. Ericsson Inc. as naming-rights sponsor of the team's 73,250-seat home field beginning next season.

The deal is expected to be announced at a press conference today.

Industry experts peg the value at $7 million annually, among the richest naming-rights pacts in the NFL.

The Panthers began searching for a new stadium sponsor last fall. The team's existing $2.7 million-a-year agreement with Ericsson runs through 2004. Ericsson agreed to end the deal early if a replacement was found.

For more details, see today's Charlotte Business Journal.
 
batgrafix said:
http://charlotte.bizjournals.com/charlotte...12/daily46.html

Panthers sign BofA for stadium naming rights
Erik Spanberg
Senior Staff Writer

Bank of America Corp. has committed to a deal worth at least $140 million to rename Ericsson Stadium as Bank of America Stadium, the Charlotte Business Journal is reporting today.

The Carolina Panthers completed the 20- to 25-year agreement this week with Charlotte-based BofA, according to sources familiar with the negotiations. The bank replaces telecommunications firm L.M. Ericsson Inc. as naming-rights sponsor of the team's 73,250-seat home field beginning next season.

The deal is expected to be announced at a press conference today.

Industry experts peg the value at $7 million annually, among the richest naming-rights pacts in the NFL.

The Panthers began searching for a new stadium sponsor last fall. The team's existing $2.7 million-a-year agreement with Ericsson runs through 2004. Ericsson agreed to end the deal early if a replacement was found.

For more details, see today's Charlotte Business Journal.

Gee didn't see that coming.
 

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