Super Bowl Stadium: What exactly is SoFi?

(KTLA) – All eyes will be on Inglewood next week as the city prepares to host Super Bowl LVI at SoFi Stadium.

While most viewers have their attention focused on the two teams playing, the Cincinnati Bengals and the hometown Los Angeles Rams, others have questions about the venue. Especially on the name and history of the stadium.

So what exactly is SoFi and why is the stadium named after it?

What is Sofia?

According to his website, the company was founded in 2011 by students at Stanford Business School. In the years that followed, the personal finance company offered services such as refinancing student loans, mortgages, and personal loans.

In 2019, the company unveiled online banking and stock trading services.

On its website, the company has more than 2.5 million customers and claims to have funded more than $50 billion in loans.

What does SoFi mean?

SoFi stands for Social Finance Inc., the original name of the company when it was founded. The company now operates as SoFi Technologies, Inc.

Why is the stadium named after SoFi?

In 2019, stadium owners Kroenke Sports & Entertainment and SoFi agreed to a 20-year naming deal for the Hollywood Park stadium.

The exact price for inscribing the company name on the $5 billion stadium was not immediately disclosed.

What is SoFi Stadium?

SoFi Stadium is a huge entertainment and sports venue located in Inglewood, on the former site of the Hollywood Park Racecourse. It is the house of Super Bowl-related Ramsas well as the Los Angeles Chargers who moved to the city after more than 50 years in San Diego.

The stadium is the centerpiece of Hollywood Park, a 298-acre entertainment complex and planned neighborhood that is currently under development. Hollywood Park includes businesses and offices, as well as a large concert hall, the YouTube Theater.

What’s next for SoFi Stadium?

After Super Bowl LVI on February 13, the venue will host several concerts in the coming months, including Mexican music group Grupo Firme in May, country music superstar Kenny Chesney on July 23, and legendary southern rock band from California, the Red Hot Chili Peppers. July 30.

For a full list of upcoming events at SoFi Stadium, Click here.

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