• Loading stock data...
Tuesday, February 11, 2025

LAFC Owners Join City Leaders To Unwrap State-of-the-Art Banc Of California Stadium In Los Angeles

LAFC ownership (Photo by LAFC)

LAFC Ownership (Photo by LAFC)

The Los Angeles Football Club (LAFC) made history once again, “unwrapping” for the city and world the new, state-of-the-art Banc of California Stadium at an event on April 18th.

Together with supporters, city and county leaders and representatives from Major League Soccer, LAFC owners spoke to the L.A. community.

Located in Exposition Park, Banc of California Stadium brings more than $350 million in private investments to South Los Angeles. The stadium was designed by leading architect Gensler Sports.

In addition to the 22,000-seat stadium, the project includes a district that will serve as a sport, entertainment, civic and cultural landmark for Los Angeles, featuring a large public plaza, restaurants, LAFC retail store and a conference and events center that will be active 365-days of the year.

“Los Angeles is where championship dreams blossom into iconic superstars and legendary teams. That journey begins today for LAFC,” said Los Angeles Mayor Eric Garcetti. “I’m proud to welcome our new team to this spectacular new stadium, where Angelenos can be a part of the next chapter in MLS history.”  

Los Angeles Mayor Eric Garcetti, Supervisor Mark Ridley-Thomas, Councilmember Curren Price, and Council President Herb Wesson were first to speak. Joining them was MLS Commissioner Don Garber and LAFC ownership, including co-owners Earvin “Magic” Johnson, two-time Olympic gold medalist Mia Hamm Garciaparra, former Major League Baseball All-Star Nomar Garciaparra, entertainment and sports leader Peter Guber. Additionally, LAFC lead managing owner Larry Berg, co-managing owners Bennett Rosenthal and Brandon Beck, and LAFC President Tom Penn all spoke in celebrating the landmark occasion.

Field Level (Photo by LAFC)

“It is an honor to unveil this world-class stadium to the Los Angeles community,” said LAFC lead managing owner Larry Berg. “This project is not only about providing our fans and supporters a state-of-the-art venue to watch soccer in the heart of Los Angeles, but this is about our Club’s commitment to investing in and elevating our entire city.”

Banc of California Stadium is built in an area rich in Los Angeles sports history, sitting adjacent to the Los Angeles Memorial Coliseum, home of the 1932 and 1984 Olympics, USC Trojans football and the temporary home of the Los Angeles Rams.

“It’s been incredibly exciting for me and my constituents to drive past Expo Park and see this marvelous soccer stadium rise from the rubble,” said Councilman Curren Price, who represents District 9 that includes Banc of California Stadium and other major developments and investments in the area. “This is a defining moment in the history of South Los Angeles, and now it’s finally here. Banc of California Stadium will be a critical piece of the local economy and is a representation of the promising future of our community.”

State-of-the-Art Scoreboards (Photo by LAFC)

Banc of California Stadium will host a variety of community, entertainment and cultural events in addition to soccer matches. In 2028, the stadium is slated to serve as a participating site in the Los Angeles Olympics.

“I am honored to support and celebrate LAFC’s commitment to Los Angeles,” said Supervisor Mark Ridley-Thomas, a member of the LA Coliseum Commission. “This magnificent Banc of California Stadium will do more than provide a new state-of-the-art place to play soccer, it will bring thousands of jobs and economic opportunity to the surrounding community and beyond, furthering the transformation already taking place in this region.”

The stadium took a total of 20 months of construction, and produced over 3,000 total jobs, with 40% of those locally hired workers from the surrounding community.

“Thank you to the hundreds of workers who spent countless hours, seven days a week to ensure our new LAFC home was completed,” said LAFC co-owner Earvin “Magic” Johnson. “Now we have a state-of-the-art stadium for our amazing fans in South Los Angeles as the first step to building a winning franchise. These are exciting times for MLS expansion in Los Angeles.”

The first home match takes place Sunday, April 29th versus the Seattle Sounders. (Photo by LAFC)

Never one to shy away from guarantees, Magic provided the golden touch.

“Just like we were able to turn the Lakers into a championship team, we are going to do the same thing with this great soccer team. We will be champions one day,” Johnson proclaimed.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jan 9, 2025; Pittsburgh, Pennsylvania, USA; Edmonton Oilers center Connor McDavid (97) checks Pittsburgh Penguins center Sidney Crosby (87) during the third period at PPG Paints Arena

‘Important’ 4 Nations Face-Off Can Be NHL’s All-Star Antidote

“The stars have been lobbying the league for an event like this.”

Chiefs Face Uncertain Stadium Future After Three-Peat Denied

The franchise wants public funding to help renovate or build a new stadium.
Brady and Mahomes

Chiefs Fatigue Is Real. It’s Nowhere Near Patriots Hate Yet

People who have covered both teams say the difference is stark.
Nov 24, 2024; Inglewood, California, USA; Philadelphia Eagles quarterback Jalen Hurts (1) celebrates with running back Saquon Barkley (26) after the Eagles defeat the Los Angeles Rams during the first half at SoFi Stadium.

How the Eagles Reinvented Championship Roster Construction

Philadelphia is one of the most innovative franchises in the NFL.

Featured Today

‘Ultimate Throwback’: The Unimpeachable Cool of Hartford Whalers Gear

Nostalgia and street cred have driven a consistent frenzy for merch.
January 20, 2024; Santa Clara, CA, USA; Kristin Juszczyk, wife of San Francisco 49ers fullback Kyle Juszczyk (44), before a 2024 NFC divisional round game against the Green Bay Packers at Levi's Stadium.
February 1, 2025

The New WAGs: Sports Wives Building Business Empires

Athletes’ wives and girlfriends are bucking stereotypes and cashing in.
Feb 3, 2019; Berkeley, CA, USA; California Golden Bears mascot dances on the court during a stoppage in play in the second half against the Stanford Cardinal at Haas Pavilion.
January 31, 2025

The Toll of Bicoastal Travel on New ACC Members Cal and Stanford

Cal and Stanford face missed flights, chaotic sleep schedules, and academic demands.
January 28, 2025

It’s Starting to Pay to Be Good at Cornhole

American Cornhole League players made $7.7 million in 2024.
FIFA

Saudis Awarded 2034 World Cup in Uncontested Vote

Saudi Arabia was the only option after Australia decided not to bid.
May 20, 2024

Top Sports Business Jobs This Week (May 2024)

Each week, our staff combs through the thousands of job listings from…
The stands at the Solheim Cup
September 13, 2024

LPGA Apologizes for Solheim Cup Fan Bus Debacle That Left Stands Half-Empty

The USA-Europe women’s team golf event teed off Friday morning.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
October 3, 2022

Real Madrid President Renews Call for Super League

Real Madrid’s president believes that soccer is losing ground.
August 10, 2022

PGA Tour Touts Projected Earnings to Keep Players

The PGA Tour is asking its players to consider their potential futures.
August 10, 2022

Bayern Munich to Make Growth Push in U.S. Market

Bayern Munich is looking to expand its reach in the U.S.
Nintendo-logo
August 3, 2022

Nintendo Profits Underwhelm, Switch Sales Decline

Nintendo failed to meet expectations in the company’s latest earnings report.