Date Announced: June 20

Buyer: CenturyLink

Owner/Manager/Tenant: Paul G. Allen/Washington State Public Stadium Authority/Seattle Seahawks and Seattle Sounders

 

Terms: 5 year extension through August 2019, financials not released

Comments: The former Qwest Field has a new name, CenturyLink Field. Qwest was bought out by CenturyLink, the third largest telecommunications provider in the country, in April.

CenturyLink took over the deal, which was slated to run through 2014, but agreed to a five-year extension, through August 2019, according to Suzanne Lavender, spokeswoman for the venue.
“They are based in Louisana, and saw this as a great way to demonstrate their commitment to the city of Seattle,” Lavender said.

The five year extension gave them more time to gain name recognition in the market.
“CenturyLink is thrilled to continue this legacy with the announcement of CenturyLink Field,” said Brian Stading,

CenturyLink NW Region President, in a statement. “For us, this is more than our name on the stadium. It’s about building on a partnership that began between Qwest, the teams that have played on the field and the fans who have supported them for decades. We look forward to raising our voices with the fans who have redefined the term homefield advantage.”

CenturyLink also plans to use the deal to further its focus on charitable and volunteer work that benefits education and children, in the Seattle area.

Lavender said signage was expected to be changed ofsver by late summer.

Contact: Suzanne Lavender, (206) 381-7555

–Liz Boardman