Unfortunately for the Yankees’ obsessed boys at 85 Broad, it does not look like the Bronx Bombers will be playing in the “Goldman Sachs Stadium” anytime soon
Sorry to inform our loyal Goldman Sachs readers, but despite the impending opening of a new stadium for our beloved Yankees, the Yankee’s chief operating officer, Lonn Trost, is quoted as saying that the team “[will not] change the name of Yankee Stadium.” Perhaps George Steinbrenner, in his dementia-like state, failed to realize that Citi Group paid $800 million for the naming rights of the Mets Stadium. A price tag like that would certainly come in handy when in 2007 you pay Roger Clemens $1 million per game.
The naming rights, however, for the new Giants/Jets stadium is up for sale. The privilege for the naming of the stadium could easily top $1 billion. A mere drop in the bucket for Goldman. My intuition senses “Goldman Sachs Football Stadium”?
–Davey Bachs, DealBreaker Intern
How the Business of Corporate Naming Rights is Changing [Fox Business]
Comments (20)
Leave a comment
You can log in with your account or comment as a guest below.
“failed to realize that Citi Group paid $800 million for the naming rights of the Mets Stadium”
$20MM/yr for 20 yrs = $800MM??
“failed to realize that Citi Group paid $800 million for the naming rights of the Mets Stadium”
$20MM/yr for 20 yrs = $800MM??
new intern at DB? Bess, i hope you’re hazing him properly.
Here’s a question for all those loyal GS readers: If you guys buy the stadium do you absolutely HAVE TO PUT GLORY HOLES IN EVERY STALL? I mean seriously, i know you like your quick, anonymous orgasm sessions but didn’t you get enough of those at Harvard and Penn?
-Alpha
“failed to realize that Citi Group paid $800 million for the naming rights of the Mets Stadium”
$20MM/yr for 20 yrs = $800MM??
fromt he article:
“…to the huge $800 million deal the New York Mets signed with Citigroup (C: 28.28, -0.65, -2.24%) for the team’s new park, Citi Field.”
There once was an intern called Bachs,
Who dreamed of working at Goldman Sachs,
But he found himself instead,
With a great deal of dread,
fetching Carney his Tea and Toast,
and deleting slimjim’s posts.
Surely he wishes himself dead.
I’m submitting “deleting slimjim’s posts” for that Dirtiest Jobs show on discovery.
Welcome aboard Bachy. I can only give you these words of advice: Abandon All Hope Ye Who Enters Through Dealbreaker’s Doors.
And lord have mercy on your sould if you slip up again.
Oh, and don’t pick up the soap when SlimJim’s around. You’ll recognize him by his anti-semetic glare and disdain for success.
girl, your simple rhyme meter has inspired me to spin lyrical gold:
winters breath blows hard
as does bachs under the desk
tears flow gently down
BRAVO girl and HAM! BRAVO!
Wise words 1-2. It would do Bachs well to heed them.
HAM – I’m doing the 90′s hipster clap for you *snap snap*. well done, sir
I was never any good at poetry, but clearly Girl and Ham didn’t sleep through their lit classes, touch.
I am the man from nantucket btw (about all the “poetry” i know these days, i know, how cultured right?)
Was there any jobs news today? I heard there was something.
1-2; Dante meets Dealbreaker, well done.
HAM’s is more subtle than mine and therefore far more poignant.
did you just try to rhyme by-the-way with touche? you’re a natural!
@ Anal_yst – in addition to lit classes, you may have also slept through french: i think you meant “touche”
‘touch’ instead of ‘touche’ was a typo, i’m not witty enough (or ambitious, creative, blah blah) to try to rhyme anything, I”ll leave that to the Pros, Ham, Girl, etc.
You guys give me too much (little?) credit
@ 5th grader – slept straight through hebrew, spanish, latin, butt never french
Hey Bachs take a pic of Bess please!?!
lets not forget Barclays & the nets, if that thing ever happens
Jesus, kid, do a little research:
Trost acknowledged that because of the history of the name Yankee Stadium, a rights deal might have backfired for the company that put its name atop the marquee of the new ballpark.
“If we were foolish enough to have sold it, any company that would have taken the name would have been injured by it,” Trost said.
Knowing that, he said, the partnership with CAA will help the Yankees benefit financially by offering expanded sponsorship deals to companies in the new ballpark. Trost and Levine said specific plans were still in development, but there would be no advertising on uniforms, which is against Major League Baseball rules, and Trost stressed the ballpark would not be cluttered with corporate logos.
“We don’t want to make it look like a carnival or a rodeo,” Trost said. “This will be done intelligently and will not ruin the image of Yankee Stadium.”
Did we all see Clemens choke a little last night when Mike Wallace asked him if he’d take a lie detector test re steroid use?? LOL!!
“Clemens: Well,sure but, uh, I, uh, don’t know ho good those things are, uh…..”