Bank Run by 41-Year-Old Signs $100 Million Stadium-Name Deal

  • Fifteen-year deal among the biggest in Major League Soccer
  • Team broke ground Tuesday on $350 million, 22,000-seat venue

An artist's rendering of the new soccer stadium that will be home to the Los Angeles Football Club.

Source: Gensler

Banc of California, whose 41-year-old leader has almost doubled its stock price and assets since the start of 2015, agreed to pay $100 million over 15 years to slap its name on Los Angeles’s new soccer stadium, according to a person with knowledge of the agreement.

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