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All Tags » Citigroup Incorporated|C|NYSE
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The Mets and Citi do not want the Mets’ new stadium to be known as The Ballpark Formerly Called Citi Field.
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As Citigroup grovels for a bailout from public funds, the Mets insist the name of their new ballpark, Citi Field, will not change.
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Citigroup, which agreed in 2006 to a 20-year, $400 million contract to name the Mets’ new stadium Citi Field, will keep the deal despite recently absorbing billions of dollars in losses.
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Instead of only sponsoring the biggest names in sports, Citigroup is choosing to help rookies and amateurs, who may — or may not — be right on the cusp of hitting it big.
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With high name recognition and a place among the world’s banking leaders, Citigroup hardly needed the Citi name plastered on a ballpark.
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