WSJ: Citi Explores Breaking Mets Deal
"Citigroup Inc., eager to quell the controversy over how lenders are using government bailout money, is exploring the possibility of backing out of a nearly $400 million marketing deal with the New York Mets, say people familiar with the matter.
"Officials at Citigroup have made no final decision about whether to try to void the 20-year agreement, which includes naming the Mets' new baseball stadium after the bank, say these people."
(subscription required to read the whole article)
about 3 years ago
kingcritical
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Well
It’s bad if the Mets were dead set on getting that $20 million annual subsidy from Citi Group. Although their actions this offseason seem to imply little inclination to spend that money on the product anyway.
good point
I was also thinking that this late in the game they’d have to do what the Nats did and at least go one season w/o a corporate name, which is also good.
Paves the way
for Freddie to call it “Ebbets 2.” You know he wants to.
On another note, MetsBlog was reporting this morning that the Wilpons might have to sell a minority stake in the team thanks to their Madoff losses. I am not convinced that this would be a terrible thing, depending on who it is that wants in.
'Oh yes, I know all about that duty-of-a-citizen stuff. It doesn't go. There are exceptions to every rule, and this was one of them. When a man risks his liberty to come and root at a ball-game, you've got to hand it to him. He isn't a crook. He's a fan.'
by Catsmeat Potter-Pirbright on Feb 3, 2009 11:13 AM EST up reply actions
Forget carwashes.
I have a foolproof plan to get us a stake in the Mets. I’ll need 5 ski masks, guns, plastic handcuffs, a car with a good engine, duffel bags, and the wiring schematics for a bank. Or, failing that, we can just steal it from Bernie Madoff.
by BobbyV_Incognito on Feb 3, 2009 6:49 PM EST up reply actions
DHS at your disposal.
However, the last place you want to rob is a bank. Here in the U.S. anyway.
We’re gonna need to charter a plane first. We’re gonna need to fly to Isle of Man or Geneva, Switzerland.
" PLEASE! CHANGE THE PATCH! "
by LOUtheMETandNATSfan on Feb 3, 2009 7:05 PM EST up reply actions
Who has money these days? (And what would they name the stadium)
Obama? (Obama Field? Hope Stadium? Change Yards? Stimulus Package Park?)
China? (The People’s Republic of Baseball Stadium?)
OPEC? (Petrol Park? Gasoline Alley?)
"The people of Houston are spending money like oil's selling at $40 a barrel."
"Stimulus Package Park"
That’s just dirty enough to get my vote.
'Oh yes, I know all about that duty-of-a-citizen stuff. It doesn't go. There are exceptions to every rule, and this was one of them. When a man risks his liberty to come and root at a ball-game, you've got to hand it to him. He isn't a crook. He's a fan.'
by Catsmeat Potter-Pirbright on Feb 3, 2009 11:39 AM EST reply actions
Almost as dirty as
New Direction.
As in, “New Direction May Be a Challenge for Bush” which was a headline on the Washington Post the morning after the elections in 06. I wonder how many people sent him viagra.
"The people of Houston are spending money like oil's selling at $40 a barrel."
"Good afternoon, folks. I'm Joe Buck, coming to you live from the Package."
“I’m sorry you all had to hear that, that was absolutely tasteless.”
by BobbyV_Incognito on Feb 3, 2009 6:50 PM EST up reply actions
TARP FIELD?
" PLEASE! CHANGE THE PATCH! "
by LOUtheMETandNATSfan on Feb 3, 2009 12:37 PM EST reply actions
Carp Field?
King of the bling come to lay down the evidence//Not George Bush, L-Millz be da president
Damn!
That car wash stimulus got injected fast!
" PLEASE! CHANGE THE PATCH! "
by LOUtheMETandNATSfan on Feb 3, 2009 2:34 PM EST up reply actions
$hit!
I guess that means we’re stuck w/the patch.
" PLEASE! CHANGE THE PATCH! "
by LOUtheMETandNATSfan on Feb 3, 2009 2:36 PM EST up reply actions
C
Citigroup Inc., closed today @ 3.43 a share.
Citigroup Inc., closed 1 yr ago today @ 29.22 a share.
Citigroup Inc., closed 2 yrs ago today @ 54.66 a share.
Anyone got any MARCEL/CHONE projections for Citigroup Inc. next year at this time?
" PLEASE! CHANGE THE PATCH! "
by LOUtheMETandNATSfan on Feb 3, 2009 6:10 PM EST reply actions
In the event Citigroup Inc. can't come through as a sponsor
There’s always GoDaddy.com
" PLEASE! CHANGE THE PATCH! "
by LOUtheMETandNATSfan on Feb 3, 2009 6:16 PM EST reply actions
In lieu of money, will their spokesmodels be attending games?
by BobbyV_Incognito on Feb 3, 2009 6:51 PM EST up reply actions
Yes.
As a matter of fact, DHS is hording a small army of ladies of this quality underneath a mountain in West Virginia.
Prior to the seventh inning stretch, 4 to 5 of the ladies will be showered with baby oil then made to race in high heels from the corner of right field to home plate.
" PLEASE! CHANGE THE PATCH! "
by LOUtheMETandNATSfan on Feb 3, 2009 7:10 PM EST up reply actions
Those ladies are for emergencies only.
“Now, wouldn’t that necessitate the abandonment of the so-called monogamous sexual relationship, I mean, as far as men were concerned?”
“Regrettably, yes. But it is, you know, a sacrifice required for the future of the human race. I hasten to add that since each man will be required to do prodigious… service along these lines, the women will have to be selected for their sexual characteristics which will have to be of a highly stimulating nature.”
“I must confess, you have an astonishingly good idea there, Doctor.”
phliadelphoe ite domum!
by Doc Manhattan on Feb 3, 2009 8:21 PM EST up reply actions
lead successfully buried
i just actually read through that article and only way past the front fold do they mention that citibank also underwrote the $600 tax free bond the city provided the mets. Citibank im sure charged big time fees for such a financial service. the fact that the citigroup financial institution is so much intertwined in the stadium would lead me to believe that its a lot tougher than to simply rip up a sponsorship deal and not issues $20m checks every year.
HELLO HELLO MR WILPON. WE WANT THE MANSION NOT THE CONDO.
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