Who owns the SoFi Stadium? The SoFi stadium is worth over $5 billion. It is arguably one of the most expensive stadiums in the world today. The SoFi Stadium is very different from the regular stadium. It has some exotic features. About 75% of the structure lies underground. This is because of its close range to the LA International Airport.
Also, the pitch of the stadium lies 100 feet below ground. This is two times deeper than any other NFL venue. The structure of the SoFi Stadium is commensurate with the times, energy, and funds that went into it. Rumor had it that the stadium is owned by a private individual and not the NFL. Hence the question, who owns SoFi stadium? Kindly read this article to the end to find out who owns SoFi stadium and some other exciting details about the stadium.
What Is The SoFi Stadium Capacity And Features?
The SoFi Stadium is one of only two stadiums shared by two NFL teams other than the MetLife Stadium, shared by the New York Giants and the New York Jets. The stadium is the home to the Rams and the Los Angeles Chargers. It was completed within 18 months. The pricey stadium also has a capacity of 70,240, which is expandable up to 100,240 for significant events like the Super Bowl and the Olympics.
The SoFi stadium has the largest ever scoreboard in the whole world. It is a massive double-sided 4K scoreboard called the Infinity Screen. It has 70,000 square feet of digital LED lighting and weighs 2.2 million pounds. The roof of the SoFi stadium is a fixed translucent canopy that connects to the ground at only four points, leaving the sides open for cross ventilation. As already stated, the SoFi is 100 feet below the earth’s surface because of its proximity to the Los Angeles International Airport.
Who Owns SoFi Stadium, Sam Kroenke?
Contrary to popular beliefs about who owns Sofi stadium, the stadium is owned by Stan Kroenke. Stan is the founder and CEO of Kroenke Sports & Entertainment, a holding company founded in 1999. It was created to be the parent company of Stan Kroenke’s sports holdings. Following the victory of The Los Angeles Rams in the 2022 Super Bowl, Stan Kroenke has expressed his joy stating that he is so happy and proud of the Rams.
Stan Kroenke Doesn’t Privately Fund The Studio With No Partnerships
For a long time, LA was without a stadium, and it just made people preference watching football on their TV set at home. However, this known statistical fact didn’t deter Stan from pushing through with the project. Even without the barking of the district government or NFL, Kroenke single-handedly funded the SoFi stadium project.
There was an Unexpected additional cost from around $1.86 billion to over $5 billion at some point. Stan didn’t back down. Instead, he put his best foot forward to ensure that the project has the original 100% quality because he plans to stay long-term. He told The Los Angeles Times that :
“The problem was … those cost estimates by two independent people who worked with our architects on the costing were way off. They were just way off. So it takes a lot more investment, so that’s more risk. But we’re long term. … We don’t get involved in things unless we think we’re going to be there for a long time.”
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Sam Kroenke Is At Logger Heads With Other NFL Shareholders
The owner of SoFi stadium Sam Kroenke is neither popular in NFL nor Europe. However, he is loved by the people of LA yet despised by other significant shareholders in the NFL. This is because he stepped on the toes of St. Louis fans by moving the Rams to Los Angeles.
Even though The board had agreed to move the team if he consented to indemnify interested parties from potential costs, the Rams fans in St. Louis disagreed with the arrangement. But the board went ahead to approve it. This act caused unrest that led to the suing of the NFL and the 32 teams because the league violated its rules during the Rams’ relocation. And on the other hand, Stan boycotted the agreement to pay incidental costs by faking ignorance. This act gravely angered other NFL owners. To this end, they called for his resignation from Arsenal.
Stan is not liked by many, including the Premier League Club owners. This is why his 2021 project didn’t see the light of day. Instead, he championed a proposal to create a Super League consisting of the most successful teams in Europe. Safe from the opposition from fans, the teams would leave the Champions League to play in a league similar to the NFL. Stan also rejected an offer from Daniel Ek, Spotify’s CEO, to buy the club.
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There you have it; Stan Kroenke is the owner of the pricey SoFi stadium. And we hope he settles his scores with other NFL stakeholders.