Now that it looks like Citi will survive, the angry columns will probably cease, but here are a few final thoughts before I put this to rest [hopefully].

1. The deal was cut two years ago, so if either side wanted to walk away from a $400 million deal, there will be more involved than just a handshake. There are probably poison pills in the contract where it will cost either side millions to cancel the deal. And of course both sides will say everything is normal, because there’s probably a clause in the language not to speak against the other company involved.
2. Although the stadium has not opened, Citi and the Mets have been working together for the past two years with branding throughout Shea Stadium [i.e ATMs, ect...]. So this is an active deal already.
3. Politicians from both sides of the aisle should think before they speak. If they want the Mets to cancel the deal, then every company that took TARP money should have their stadium naming deals canceled. That means JP Morgan [Chase Field], Bank of America, Wells Fargo [Wachovia Center], PNC and Comerica should have their deals recinded, which will cause more legal issues than need be.
4. It’s easy for Newsday to pick on the Mets, but their parent comapny Cablevision, has a naming deal with Washington Mutual at the Garden, so why not speak up there? WaMu won’t survive, since it’s not a shell company with all the good assets going to JP Morgan.

Posted under Citi Field