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citgroup to bail out of stadium deal?

xavier mcdanielxavier mcdaniel Somewhere in NYC Posts: 9,315
edited February 2009 in All Encompassing Trip
during the overnight a report surfaced that citi was going to cancel its naming rights deal with the Mets. So far both sides are denying this.

http://www.nydailynews.com/money/2009/0 ... _bail.html
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Comments

  • chromiamchromiam Posts: 4,114
    just read about this... That's what happens when you start taking governement money; the government and public want to tell you how to run your private corporation.
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  • petrocspetrocs Posts: 4,342
    Citibank is already worried about a market collpase...they dont need to watch the Mets collapse too :D
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    10/3/05 Philly. 5/27-28/06 Camden. 6/23/06 Pitt. 6/19-20/08 Camden. 6/24/08 MSG. 8/7/08 EV Newark, NJ. 6/11-12/09 EV Philly, PA. 10/27-28-30-31/09 Philly, PA., 5/15/10 Hartford,5/17/10 Boston, 5/18/10 Newark, 5/20-21/10 MSG
  • mfc2006mfc2006 HTOWN Posts: 37,484
    petrocs wrote:
    Citibank is already worried about a market collpase...they dont need to watch the Mets collapse too :D

    hahahaha :D
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  • xavier mcdanielxavier mcdaniel Somewhere in NYC Posts: 9,315
    I'm no public relations expert, but I'm guessing that when your company is going under and 50,000 of your former employees have been laid off, slapping your name on a stadium for 400 million isn't going to go over well with the public...
    Reading 2004
    Albany 2006 Camden 2006 E. Rutherford 2, 2006 Inglewood 2006,
    Chicago 2007
    Camden 2008 MSG 2008 MSG 2008 Hartford 2008.
    Seattle 2009 Seattle 2009 Philadelphia 2009,Philadelphia 2009 Philadelphia 2009
    Hartford 2010 MSG 2010 MSG 2010
    Toronto 2011,Toronto 2011
    Wrigley Field 2013 Brooklyn 2013 Brooklyn 2013 Philadelphia 2, 2013
    Philadelphia 1, 2016 Philadelphia 2 2016 New York 2016 New York 2016 Fenway 1, 2016
    Fenway 2, 2018
    MSG 2022
    St. Paul, 1, St. Paul 2 2023
    MSG 2024, MSG 2024
    Philadelphia 2024
    "I play good, hard-nosed basketball.
    Things happen in the game. Nothing you
    can do. I don't go and say,
    "I'm gonna beat this guy up."
  • chromiamchromiam Posts: 4,114
    xavier mcdaniel wrote:
    I'm no public relations expert, but I'm guessing that when your company is going under and 50,000 of your former employees have been laid off, slapping your name on a stadium for 400 million isn't going to go over well with the public...

    I agree but I'm fairly sure alot of this deal was in place (maybe not in writing) before the shit really hit the fan. Therein lies the dilemma in these situations...
    This is your notice that there is a problem with your signature. Please remove it.

    Admin

    Social awareness does not equal political activism!

    5/23/2011- An utter embarrassment... ticketing failures too many to list.
  • xavier mcdanielxavier mcdaniel Somewhere in NYC Posts: 9,315
    chromiam wrote:
    xavier mcdaniel wrote:
    I'm no public relations expert, but I'm guessing that when your company is going under and 50,000 of your former employees have been laid off, slapping your name on a stadium for 400 million isn't going to go over well with the public...

    I agree but I'm fairly sure alot of this deal was in place (maybe not in writing) before the shit really hit the fan. Therein lies the dilemma in these situations...

    That's up to them to decide. There also have been some rumblings about Wilpon selling his stake in the team because of the money he lost to Bernie Madoff.
    Reading 2004
    Albany 2006 Camden 2006 E. Rutherford 2, 2006 Inglewood 2006,
    Chicago 2007
    Camden 2008 MSG 2008 MSG 2008 Hartford 2008.
    Seattle 2009 Seattle 2009 Philadelphia 2009,Philadelphia 2009 Philadelphia 2009
    Hartford 2010 MSG 2010 MSG 2010
    Toronto 2011,Toronto 2011
    Wrigley Field 2013 Brooklyn 2013 Brooklyn 2013 Philadelphia 2, 2013
    Philadelphia 1, 2016 Philadelphia 2 2016 New York 2016 New York 2016 Fenway 1, 2016
    Fenway 2, 2018
    MSG 2022
    St. Paul, 1, St. Paul 2 2023
    MSG 2024, MSG 2024
    Philadelphia 2024
    "I play good, hard-nosed basketball.
    Things happen in the game. Nothing you
    can do. I don't go and say,
    "I'm gonna beat this guy up."
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