Levi’s Looks to Extend Stadium Name for $170 Million

<p><strong>SANTA CLARA<&sol;strong> &&num;8212&semi; It looks like Levi&&num;8217&semi;s Stadium will keep its name for another 10 years&period;<&sol;p>&NewLine;<p>Levi Strauss &amp&semi; Co&period; and<b> <&sol;b>the San Francisco 49ers announced a proposed 10-year extension to the naming rights for Levi’s Stadium&period; The package deal with the Santa Clara Stadium Authority and team sponsorship with the San Francisco 49ers would be worth a combined &dollar;170 million&period; The new deal is subject to approval by the Stadium Authority Board&comma; expected on Tuesday&comma; January 30&period;<&sol;p>&NewLine;<p>The San Francisco 49ers are hosting The Detroit Lions at Levi&&num;8217&semi;s Stadium Sunday at 3&colon;30 p&period;m&period; in the NFC Championship game&period; The winner will advance to The Super Bowl in Las Vegas&period;<&sol;p>&NewLine;<p>This proposed extension will be among the largest in the National Football League and secures LS&amp&semi;Co&period; the naming rights for Levi’s<b>®<&sol;b> Stadium through the 2043 NFL season&comma; reaffirming the parties’ commitment to the Bay Area as a world-renowned destination for sports and entertainment&period; LS&amp&semi;Co&period;<b> <&sol;b>will also be extending their sponsorship of the team&comma; which includes digital content and merchandise collaborations&comma; continuing this successful partnership&period;<&sol;p>&NewLine;<p>Levi’s Stadium has earned its status and reputation as a world-class&comma; multi-use&comma; publicly owned venue since opening in 2014&comma; with events that have brought millions of<b> <&sol;b>visitors through its doors while also breaking NFL and sports viewership records&period; In addition to San Francisco 49ers football games&comma; Levi’s<b>®<&sol;b> Stadium has hosted many of the world’s most attended live events&comma; including Super Bowl 50&comma; the College Football Playoff&comma; Wrestlemania&comma; NHL Stadium Series and concerts featuring artists such as Taylor Swift&comma; Beyoncé and The Rolling Stones&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Since first announcing the naming rights to Levi’s Stadium in May of 2013&comma; under the leadership of LS&amp&semi;Co&period; CEO&comma; Chip Bergh&comma; we have seen our partnership with the San Francisco 49ers deliver value to our Levi’s brand&comma; furthering its place at the center of culture&comma; helping us to connect with new generations of fans through the unifying power of sport and music&comma; and building on our legacy of community engagement with like-minded partners&comma;” said Michelle Gass&comma; president and incoming CEO at LS&amp&semi;Co&period; &OpenCurlyDoubleQuote;Our brands are our greatest asset&comma; and we will continue to invest in drivers of our long-term&comma; sustainable growth&period; Today’s announcement underscores our confidence in this strategy&comma; as well as in the continued opportunity to make an impact alongside values-led partners like the San Francisco 49ers organization and the City of Santa Clara&period;”<&sol;p>&NewLine;<p>As part of LS&amp&semi;Co&period;’s commitment to giving back&comma; the company will continue to partner with the 49ers and nonprofit organizations on initiatives that benefit the Bay Area community and build on the shared commitment to sustainability&comma; with projects such as the <a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;svvoice&period;com&percnt;2F49ers-edu-levis-team-up-on-water-sustainability&percnt;2F&amp&semi;esheet&equals;53887767&amp&semi;newsitemid&equals;20240125695603&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;49ers&plus;EDU&plus;program&amp&semi;index&equals;1&amp&semi;md5&equals;9361bd01889d01324fa4f9f459a1bf13" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">49ers EDU program<&sol;a>&comma; focused on water conservation&comma; and the &OpenCurlyDoubleQuote;<a href&equals;"https&colon;&sol;&sol;cts&period;businesswire&period;com&sol;ct&sol;CT&quest;id&equals;smartlink&amp&semi;url&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;levisstadium&period;com&percnt;2F2014&percnt;2F11&percnt;2F10049&percnt;2F&amp&semi;esheet&equals;53887767&amp&semi;newsitemid&equals;20240125695603&amp&semi;lan&equals;en-US&amp&semi;anchor&equals;Field&plus;of&plus;Jeans&amp&semi;index&equals;2&amp&semi;md5&equals;bef6c9effb56e4046d6b5bf562b42490" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener" shape&equals;"rect">Field of Jeans<&sol;a>” installation&comma; which demonstrated the importance of extending the life of the clothes we wear&period; Additionally&comma; the 49ers organization is committing &dollar;200&comma;000 in annual contributions as part of this agreement to projects benefitting the Santa Clara community and residents&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Levi Strauss &amp&semi; Co&period; has deep roots in the San Francisco Bay Area&comma; and we know the value that this iconic name brings to a world-class stadium that attracts hundreds of thousands of people annually&comma;” said Santa Clara Mayor Lisa Gillmor&period; &OpenCurlyDoubleQuote;This extension would solidify our partnership with LS&amp&semi;Co&period;&comma; showing that we have a shared commitment to make a positive impact on our community&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We’re thrilled to be extending our stadium and team partnerships with the Levi’s® brand&period; This season we’re proud to celebrate the success of our first 10 years as partners&comma; and we look forward to our next 20 years together&comma;” said Al Guido&comma; President of the San Francisco 49ers&period; &OpenCurlyDoubleQuote;The 49ers and Levi’s® are both iconic brands that are synonymous with the Bay Area&comma; driven by a desire to serve this community&period; Levi’s® Stadium has been featured on the world stage numerous times and will continue to be the premier venue in the Bay Area for the coming decades&period; The success of the stadium is proof of how special the Bay Area is and the power of major events to bring positive economic impact&comma; excitement and opportunity to this community&period;”<&sol;p>&NewLine;<p>At the heart of Silicon Valley&comma; Levi’s Stadium represents the best and latest in major venue technologies that enhance the fan experience&period; Sustainability lay at the center of the design and construction of the stadium&comma; which became the first NFL venue to earn a LEED Gold Certification that it still maintains today&period; Its state-of-the-art technology infrastructure gives visitors impeccable connectivity in every corner of the venue and enabled Levi’s® Stadium to be one of the first NFL venues to transition to entirely cashless concessions using modern point-of-sale systems&period; In an effort to continuously evolve as a premier venue&comma; the stadium will undergo substantial additional renovations and re-investment in the coming years&comma; beginning with an extensive suite remodel process following the current NFL season&period;<&sol;p>&NewLine;<p>In 2026 Levi’s Stadium will be a host venue for the 2026 FIFA World Cup&comma; in addition to Super Bowl 60&comma; which will be the second installment hosted at the stadium since its opening&period; Both events are expected to generate hundreds of millions of dollars in economic impact for the region and City of Santa Clara&comma; as well as leave a lasting positive legacy for Bay Area sports fans&period;<&sol;p>&NewLine;

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