Loading ...After a bailout last night by Uncle Sam, it seems unlikely the Mets new stadium will have a new name come April. But there are things to still consider.
If Citigroup gets bought out – for one reason or another, the new company will assume the $400 million naming obligation. So no problem. A different name will adorn the marquee.
There are two ways for the deal to fall through and again, it’s very unlikely right now.
1) Citigroup goes out of business.
2) The parts of the company gets sold off so there’s nothing but the debt obligations and bad assets lets on Citi’s books, much like what happened with WaMu. The theater at the Garden is still named the WaMu Theatre, but that will change in the future.
Posted under Citi Field
This post was written by Joe McDonald on November 24, 2008
It’s nice to know that the Mets will still get that $20 mil to put toward signing/keeping players. In some ways stadium naming rights are like free money. But the downside is when stadium names change every few years.
There are cooler potential names then Citi Field, but as these things go its not bad. But I want the name to stay the same for the life of the stadium.
Probably not much chance of that.