Bank of America Stadium is a 74,867-seat football stadium located on 33 acres in uptown Charlotte, North Carolina, United States. It is the home facility and headquarters of the Carolina Panthers of the National Football League and Charlotte FC of Major League Soccer. The stadium opened in 1996 as Ericsson Stadium, with Swedish telecom company LM Ericsson initially holding the naming rights. In 2004, Charlotte-based financial services company Bank of America purchased the naming rights under a 20-25-year agreement at $140 million. Former Panthers president Danny Morrison called it a classic American stadium due to its bowl design and other features.