There will be a new roof and a new tenant at the lakeshore stadium this year, but it will be still called BMO Field for the foreseeable future. BMO and MLSE announced at 10 year naming rights renewal today that will see the stadium continue under its current name. The terms of the deal were not released.
As part of the deal BMO will also once again be emblazoned across the chest of Toronto FC kits for the upcoming MLS season. The shirt sponsorship is only a one year deal, the second straight year the two groups have come to a single season agreement.
BMO has been both the shirt sponsor and stadium sponsor for Toronto FC since the club's inaugural 2007 season. The stadium was first opened in 2007 and since has played host to World Cup qualifiers, the Pan Am Games, the U-20 men's and women's World Cup and the MLS Cup final (though TFC was obviously not one of the teams playing).
The $140 million dollar expansion that the stadium is currently undergoing has seen an expanded seating capacity and a canopy roof added over the stands. This has made BMO Field viable to host several other major sporting events, including the 2016 Grey Cup and rumours have it a Toronto Maple Leafs outdoor game in early 2017.
Those renovations will be completed in time for Toronto FC to play their home opener at the stadium on May 7 against FC Dallas. This is the second straight year that the club has had to push its home opener late into the year as a result of the renovations.
With a kit sponsor now in place, Toronto FC should be set to launch their new away kit later this week. The kit has been heavily anticipated, with reports that the shirt will introduce a new colour for the club in their tenth MLS season.