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Owners Vote to Approve an Additional $500 Million for Rams to Finish SoFi Stadium

The NFL is extending another lifeline to the Rams as the team continues construction on the nearly $5 billion SoFi Stadium in the city of Inglewood, Blake Schuster of Bleacherreport reports.

According to The Athletic’s sports business reporter, Daniel Kaplan, league owners voted Tuesday to approve lending an additional $500 million to the team to complete the facility.

Two years ago, owners had agreed to a record debt waiver of $2.25 billion for the stadium that will soon become the permanent home of the Rams and Chargers.

A lack of demand for personal seat licenses, which grant holders the ability to then purchase season tickets, has forced the Rams into asking for the increase in credit.


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