Originally posted on Sports Business Digest  |  Last updated 6/19/12

The official, corporate home of the Washington Redskins? Loudoun County, Virginia. Don't worry if you forget that fact now, once football season begins, you'll be hearing it quite often. The county and the Redskins are upgrading their existing partnership deal, signed in 2008, with the county continuing on as the corporate home of the DMV's (D.C. - Maryland - Virginia) favorite NFL team. Under the new agreement any event held at Redskins Park -- the strength and training facility operated by the team -- will contain regular references to its location in Loudoun. Loudoun will also receive a rotational advertisement on Redskins.com, references in any Redskins press releases -- which will be generated from Redskins Park, and limited usage of the Redskins Park facility for corporate tours and events. Of course, the county, and on a larger scale, the state of Virginia, won't receive these benefits for free. The state is paying $4 million to the team, while the county is adding another $2 million, and the city of Richmond another $400,000. The Virginia state lottery is also expected to throw in $6 million, increasing the Redskins revenue stream up over the $12 million dollar mark. In return, the team is planning on upgrading its current Redskins park facility, a project that will generate a little more than $10 million in local economic impact. (h/t via BizJournal)  
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Report: Patriots, Revis have not discussed possible reunion

Reporter: Giants 'would not go near' Adrian Peterson

Popovich: Owners interfering with player rest is risky

Michael Irvin weighs in on Ezekiel Elliott's recent behavior

Oregon headed to first Final Four in 78 years as Jordan Bell & Tyler Dorsey dominate Kansas

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

This is the Gonzaga we’ve been waiting for

Jets won’t rule out selecting another QB in 2017 NFL Draft

Rougned Odor threw a cup of water into Felix Hernandez’s face on the field

Michael Irvin rips Texans for not trading for Tony Romo

Richard Sherman on trade talk: ‘I just laugh it off, man’

Grumpy writer complains about 'SI for Kids' reporter

Best of Yardbarker: Did Team USA's victory save the World Baseball Classic?

The Rewind: George Mason's improbable run to the Final Four

Breaking down the Naismith Award race

Box Score 3/24: Waiting on West Virginia

Eat, Drink, Watch: Weekends are for upsets

The 'Once again, Barry Bonds is the best power hitter in San Francisco' quiz

With Team USA's victory, World Baseball Classic (finally) lived up to its potential

The NFL distraction playbook

Which Sweet 16 team should you be rooting for?

The Aesthetic: The world of player exclusive sneakers

Lingering issues for each 2016 MLB postseason team

Box Score 3/23: Team USA wins their first WBC title

NFL News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Best of Yardbarker: Did Team USA's victory save the World Baseball Classic?

The Rewind: George Mason's improbable run to the Final Four

Breaking down the Naismith Award race

Eat, Drink, Watch: Weekends are for upsets

The 'Once again, Barry Bonds is the best power hitter in San Francisco' quiz

The NFL distraction playbook

With Team USA's victory the WBC (finally) lived up to its potential

The Aesthetic: The world of player exclusive sneakers

Which Sweet 16 team should you be rooting for?

NBA Referee Hotline Bling: Steph Curry pushes OKC's buttons

Today's Best Stuff
For Publishers
Company Info
Help
Follow Yardbarker