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Media & Entertainment Law
: Sports BizWill the Mets Ever Play in CitiField?
Anyone interested in taking bets on whether the Mets will ever play in CitiField scheduled to open this spring? While the Mets and Citigroup still say that there is no change in their 20 year, $400 million naming rights agreement, the latest federal rescue plan certainly places that commitment in doubt.
It would not be the best market for naming rights if the Mets have to go back in the market to find a replacement for Citigroup, especially when they will be competing with the Giants and Jets who have yet to find a naming rights sponsor for their new stadium in New Jersey. It's also possible that Barclays may want out of its $400 million deal to place its name on the New Jersey/Brooklyn Nets new arena in Brooklyn, making the New York naming rights market very crowded indeed.
HT Clusterstock.
Full post as published by Sports Biz on November 25, 2008 (boomark / email).
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