RingCentral, a provider of global enterprise cloud communications and collaboration solutions, is close to acquiring the naming rights for the Oakland-Alameda County Coliseum, home of Major League Baseball team the Oakland Athletics and NFL American football franchise the Oakland Raiders.
The San Francisco Chronicle newspaper reported that the company will pay $1m (£775,000/€893,000) a year for the rights as part of a three-year deal that includes an option for a further year.
Coliseum Authority executive director Scott McKibben told the Chronicle that the authority would vote on the matter on Friday, with a contract currently being finalised.
The Coliseum will remain the home of the Raiders for at least another season after the stadium’s authority board voted in favour of an extended lease for the team back in March.
The Raiders will relocate to a new state-of-the-art stadium in Las Vegas in 2020 and the team had technically been without a home for the 2019 campaign after its Coliseum lease expired on February 13. A deal was eventually reached for the team to remain at the stadium for the 2019 season, as well as the 2020 campaign if its new Vegas stadium is not ready.
The Oakland Athletics’ future at the Coliseum is also unclear with the team having plans for a new ballpark at Howard Terminal. The A’s this week took an important step forward in its pursuit of a new stadium after Oakland Port Commission voted to approve a term sheet for the possible development of its property.
In February, the A’s revealed revised design plans for its proposed new ballpark. It came after the team first revealed plans to develop a new stadium and revamp the Coliseum back in November.
The A’s will remain at the Coliseum for the foreseeable future, with a groundbreaking target of 2021 for any potential new ballpark.
The Chronicle reported that the Coliseum would be immediately rebranded as the Ring Central Coliseum if Friday’s vote is passed, although signage is likely to take two months to go up.
RingCentral is also a founding partner of Chase Center, the new home of NBA basketball team the Golden State Warriors that is set to open later this year.
Image: Oakland Raiders