San Diego County Credit Union would pay $500,000 for stadium naming rights. Per the City’s Stadium Sponsorship Sales Agreement with Fox Sports, the City would retain 75 percent of the revenue, which equals $375,000. Under the agreement, naming rights would expire on Dec. 31, 2018.
“We are extremely excited about this agreement. There was tremendous interest and we had countless conversations with qualified businesses. Now, we are hoping for approval to move forward with one of the most recognizable brands in San Diego,” said Kyle Sherman, President of Home Team Sports and Fox Sports College Properties. “SDCCU believes in the importance of being an influential corporate citizen within the communities they do business.”
First named San Diego Stadium when it opened in 1967, the facility was officially renamed San Diego Jack Murphy Stadium in 1981 in honor of the late San Diego Union sportswriter who was instrumental in helping bring the Chargers football team to San Diego. In 1997, after a major renovation and expansion of the stadium, a 20-year deal was made with Qualcomm for naming rights. That deal expired this year.