Just when the Mets were getting ready to tell all New York that there product was as good as their crosstown rivals, but cost a lot less, they learn that the till is light by $400 Million.
All of this because of 'naming rights' for their stadium are now in question.
The financial deal they thought they had with Citigroup--$400M/ 20-years-- may fall by the wayside.
Citigroup laid-off thousands of employees, and told Congress they were deep in the red. Their ledger show a debit for a payment to the New York Mets in the amount of $400Million, which didn't set too well with Congress. Especially, in light of, Citigroups' request for bailout cash. Congressman Dennis Kuncinich (D-Ohio) said, "It's totally unacceptable that Citigroup shouild be able to spend $400 M in naming rights, when they're recipients of a massive federal bailout" ( A sentiment shared by many of his colleagues, as well as taxpayers).
If the Citigroup has to back-out of the deal, look for the Mets to announce an increase in the price of tickets.
SUGGESTION: Since a rotunda showing Jackie Robinson memorabilia/history is being built within the stadium, why not rename the stadium---The Jackie Robinson Stadium. It has a better ring than 'Citigroup Stadium'.
All of this because of 'naming rights' for their stadium are now in question.The financial deal they thought they had with Citigroup--$400M/ 20-years-- may fall by the wayside.
Citigroup laid-off thousands of employees, and told Congress they were deep in the red. Their ledger show a debit for a payment to the New York Mets in the amount of $400Million, which didn't set too well with Congress. Especially, in light of, Citigroups' request for bailout cash. Congressman Dennis Kuncinich (D-Ohio) said, "It's totally unacceptable that Citigroup shouild be able to spend $400 M in naming rights, when they're recipients of a massive federal bailout" ( A sentiment shared by many of his colleagues, as well as taxpayers).
If the Citigroup has to back-out of the deal, look for the Mets to announce an increase in the price of tickets.
SUGGESTION: Since a rotunda showing Jackie Robinson memorabilia/history is being built within the stadium, why not rename the stadium---The Jackie Robinson Stadium. It has a better ring than 'Citigroup Stadium'.
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