Why are 49ers borrowing $120M? San Francisco planning large transfer with one eye on Tremendous Bowl
The San Francisco 49ers will reportedly make massive improvements to their Levi’s stadium over the next three years.
The five-time Super Bowl winners are borrowing $120 million from the NFL’s stadium fund to upgrade premium seating and scoreboards ahead of hosting games at the 2026 FIFA World Cup.
The stadium will be one of 11 to host games at the big event. It’s also believed the Niners are hoping to host the Super Bowl this year and the franchise is looking to win the Lombardi Trophy in front of their home fans.
Levi’s Stadium opened on July 17, 2014. As the arena enters its 10th season, San Francisco wants its stadium to be a destination for major events that increasingly require an enhanced VIP experience.
Reports also suggest that nine more suites will be added to the stadium as part of the remodeling, making 179 in total. The suite refurbishment includes the installation of custom lockable wine refrigerators, a custom lockable liquor cabinet, seating upgrades and custom shelving to showcase the licensee’s products and services.
The 49ers are already generating ample revenue from their stadium due to their high ticket prices. However, additional funds for investments will bring the franchise to the highest-earning teams in the league.
Renovation of Levi’s Stadium will begin after the 2023 season.
How did the San Francisco 49ers fare in the 2022 season?
San Francisco 49ers quarterback Brock Purdy
The San Francisco 49ers had to deal with season-ending injuries to Trey Lance and Jimmy Garoppolo early in the regular season. However, third-row quarterback Brock Purdy helped the team to a 13-5 record and captured the division title.
The Niners defeated Geno Smith and the Seattle Seahawks in the wild card round. Kyle Shanahan’s team also prevailed against the Dallas Cowboys in the divisional round.
However, they were eliminated from the postseason by the Philadelphia Eagles in the NFC Championship game.
The Niners were just one win away from making the Super Bowl. However, the team will try to build on last season and push for a championship run in 2023.
