The NFL has reached a multiyear agreement with Conxxx, the developer of Concorde, to relocate its games from London to New Orleans.
The deal, which is expected to be finalized this year, also includes a new television deal with NBC and a TV deal with ESPN.
The new agreement also includes $150 million in infrastructure investments in New Orleans, the Saints announced.
The Saints will be the NFL’s home for the first time in more than 40 years, the team announced on Twitter.
“This new deal is a historic moment for the Saints and our fans,” Saints president Tom Benson said in a statement.
Conexx, which owns the New York Giants, the New England Patriots and the New Jersey Devils, announced its purchase of the team last month. “
We look forward to bringing our championship-caliber football team back to New York for our home opener on Sept. 15.”
Conexx, which owns the New York Giants, the New England Patriots and the New Jersey Devils, announced its purchase of the team last month.
The company was valued at $8 billion and the sale is expected in 2019.
In a statement, NFL Commissioner Roger Goodell said the new agreement is a “historic” and “historic day for the NFL” and that the NFL will continue to support Conxex “to help the New Saints return to the Superdome and the world of professional football.”
Conxx will operate the new New Orleans stadium, the Super Bowl 50 home game and the Superbowl 50 festivities at the NFL stadium in New Jersey.
The stadium will host two NFL playoff games.
The NFL also has a long-term lease agreement with the Saints for 20 years.
New Orleans Saints owner Tom Benson has been in contact with NFL Commissioner Rob Goodell about his team’s move to New Jersey, league spokesman Brian McCarthy said Monday.
Goodell said Monday he and the Saints’ owner are in regular contact.
The two will meet again later Monday to discuss how best to move forward, McCarthy said.
The NFL will have four teams in New York, two in New England and one in Los Angeles.
The deal is expected for completion by the end of the year.
The Saints have been in negotiations with a new stadium in Las Vegas for several years, but the city is not yet ready to move to a new facility.
The Los Angeles Rams have played at the Super Dome since 2004, and the team’s lease is set to expire at the end in 2022.