Soccer City to revert back to former name 12/08/2010 |
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Soccer City will go back to being called the FNB Stadium, the High Court in Johannesburg has ruled.
The court upheld the bank's naming rights on Wednesday (August 11), First National Bank spokesman Derek Carstens said in a statement.
"The bank is pleased with this outcome and will continue with its promotional and other programmes bearing the name FNB Stadium,” he added.
FNB had taken National Stadiums, which manages Soccer City, to court to prevent it from changing the name of the stadium, outside Soweto in Johannesburg.
The judgment means that promotional materials and tickets will now refer to the venue as ‘FNB Stadium’ and not ‘Soccer City’.
FNB's lawyer PF Louw argued in court last week that FNB had the right to the name of the stadium until 2014.
The stadium was completed in 1988 and owned by FNB. But as part of preparations for the 2010 World Cup, the institution gave up its ownership of the stadium and transferred it to the City of Johannesburg.
Carstens said the bank, in compliance with Fifa requirements, agreed that the name and/or logo of the stadium be changed for a period starting three months before the World Cup opening match, and ending a week after the last match.
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