SYDNEY, NSW (CelebrityAccess) — Western Sydney Stadium will henceforth be known as ‘Bankwest Stadium’ after the government of New South Wales struck a deal with Australian bank Bankwest for naming rights to the under-construction stadium.
NSW Minister for Sport and Minister for Western Sydney Stuart Ayres made the announcement at the Stadium alongside Bankwest Managing Director Rowan Munchenberg.
“Bankwest has embraced the opportunity to be part of booming Western Sydney and the company’s commitment to the naming rights of the venue is a huge vote of confidence in both the future of the Stadium and the region,” Ayres said.
“This deal is important for the Stadium to be financially self-sustaining, making sure there is no burden to taxpayers to cover ongoing running costs,” he added. “Bankwest Stadium is a game changer for sports fans across Western Sydney.”
The seven-year deal covers naming rights and signage at the venue, which is owned by Venues NSW on behalf of the NSW Government and operated by management company VenuesLive.
Located on the grounds of the former Parramatta Stadium, the 30,000-capacity Bankwest Stadium will serve as the future home for the West Tigers, an Australian professional rugby league football, and the Western Sydney Wanderers FC, an Aussie professional soccer team.
Work began on the stadium in 2016 and is expected to be completed in mid-2019.
The financial terms of the agreement were not disclosed.