Citifield To Lose Ugly, $400M Name?
The Wall Street Journal says that Citigroup is looking at forfeiting their naming rights to the new Mets ballpark. Citigroup claims not to be using their TARP funds from the federal government to pay for putting the name "Citifield" on the park -- just as they said the corporate jet they recently had to give up was likewise non-TARP-funded -- but given the public mood they're thinking maybe they should keep a low profile. That would stick the Mets for the $400 million they're expecting from the deal, and the team reiterated today that theirs is a "legally binding agreement" with Citigroup.
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