Murrayfield Stadium is set to be renamed in a money-spinning deal involving Scottish Rugby and telecommunications giants, BT.
A source close to the negotiations today confirmed that talks are at an advanced stage and it is further understood that the deal, expected to be over five years, could earn the cash-strapped rugby governing body a whopping £20 million.
That would be sufficient to wipe out Scottish Rugby’s debt which has been reduced to £11 million under the current regime headed by chief executive Mark Dodson.
Murrayfield Stadium, in the west of Edinburgh, has been the home of Scottish rugby since 1925 and there is bound to be some resistance to renaming such an iconic venue which has played host to three home grand slams and such diverse events as a Rolling Stones concert and even a Papal address.
However, in view of the financial situation, the consensus is likely to be in favour of a change. It is also believed that BT could soon take over as official jersey sponsors of the Scotland team.
Neither Scottish Rugby or BT are, as yet, willing to comment on what they both call “speculation”. However, relations between the two organisations are extremely sound with BT currently putting their name on the Edinburgh and Glasgow team jerseys.
Chief executive Dodson has made no secret of his desire to put the famous ground on a footing with the likes of Dublin’s Aviva Stadium (formerly Lansdowne Road) and the Kia Oval cricket ground in London albeit with the name “Murrayfield” retained in the title.