Owners approve lending Rams another $500 million for stadium
May
20
5/20/2020 11:20:06 AM
|More
The NFL is extending another lifeline to the Los Angeles Rams as the team continues construction on the nearly $5 billion SoFi Stadium in the city of Inglewood, Blake Schuster of Bleacherreport reports.
According to The Athletic's sports business reporter, Daniel Kaplan, league owners voted Tuesday to approve lending an additional $500 million to the team to complete the facility.
Two years ago, owners had agreed to a record debt waiver of $2.25 billion for the stadium that will soon become the permanent home of the Los Angeles Rams and Los Angeles Chargers.
A lack of demand for personal seat licenses, which grant holders the ability to then purchase season tickets, has forced the Rams into asking for the increase in credit.
Don't forget to follow us on Twitter at http://twitter.com/theredzoneorg
Like us on Facebook at http://facebook.com/Theredzone.org
May
20
5/20/2020 11:20:06 AM
|More
The NFL is extending another lifeline to the Los Angeles Rams as the team continues construction on the nearly $5 billion SoFi Stadium in the city of Inglewood, Blake Schuster of Bleacherreport reports.
According to The Athletic's sports business reporter, Daniel Kaplan, league owners voted Tuesday to approve lending an additional $500 million to the team to complete the facility.
Two years ago, owners had agreed to a record debt waiver of $2.25 billion for the stadium that will soon become the permanent home of the Los Angeles Rams and Los Angeles Chargers.
A lack of demand for personal seat licenses, which grant holders the ability to then purchase season tickets, has forced the Rams into asking for the increase in credit.
Don't forget to follow us on Twitter at http://twitter.com/theredzoneorg
Like us on Facebook at http://facebook.com/Theredzone.org
Comment