24/7 Wall Street: Most Valuable Stadiums in America
Tied for 1st. Citi Field
Team: New York Mets
Naming rights cost: $400 million
Deal term: 20 years
Starting date: 2009
In 2009, construction was completed on Citi Field, the replacement for the New York Mets’ Shea Stadium. New York-based Citigroup (NYSE: C), one of the nation’s largest financial institutions, purchased naming rights to the new stadium three years before its completion. But that was shortly before the company became one of the key figures in the subprime mortgage crisis. In recent years, there has been a great deal of speculation about a possible bankruptcy, but so far, Citigroup appears to remain above water. The Mets, meanwhile, have not had a winning season since moving to the new building.
(AP Photo/Mark Lennihan, File)
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
Naming rights cost: $400 million
Deal term: 20 years
Starting date: 2009
In 2009, construction was completed on Citi Field, the replacement for the New York Mets’ Shea Stadium. New York-based Citigroup (NYSE: C), one of the nation’s largest financial institutions, purchased naming rights to the new stadium three years before its completion. But that was shortly before the company became one of the key figures in the subprime mortgage crisis. In recent years, there has been a great deal of speculation about a possible bankruptcy, but so far, Citigroup appears to remain above water. The Mets, meanwhile, have not had a winning season since moving to the new building.
(AP Photo/Mark Lennihan, File)
More From 24/7 Wall Street:
Most Expensive Tickets in Sports
Best and Worst Run States in America
Pro Teams Americans Bet On the Most
The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.
