The National Sports Stadium will have a new name by the end of this week.

Talks are currently underway between the Fiji Sports Council and the new company which Sports Council chairman Paul Yee said is a 100% locally owned and operated business, adding an official announcement is expected to be made very soon.

Yee also added that Tattersalls pulled out from sponsoring the National Gymnasium two months ago and that they are currently in talks with a new company for the naming rights.