Tuesday, February 3, 2009
Citi Stands By Mets Naming Rights Deal
As the days go by, the pressure seems to be mounting on the folks at Citi to get out of their 20-year, $400 million naming rights deal with the New York Mets.
Citigroup has received $45 billion in government bailout money and some believe the deal for the new stadium is therefore not the best use of funds.
Despite all the noise, including a front page story in the Wall Street Journal today, the Mets just sent us this statement.
"In conversations this morning, Citi reinforced that they will honor our legally binding agreement."