Stadium Names And Tech Companies Don't Mix
from the not-looking-good dept
Ouch. Forbes looks at a number of American stadiums, coliseums, and ballparks that are named after companies, who pay for the sponsoring rights. A number of those companies are in serious trouble. The latest, of course, being Enron Field, now that Enron is not likely to last much longer. 3Com has also told Candlestick they’re giving the name back (which should make a lot of 49ers fans happy). Are there any companies that are doing well that have named stadiums?
Comments on “Stadium Names And Tech Companies Don't Mix”
Safeco!
Safeco Field, Seattle Washington.
Safeco was trading at around 20 when they named the stadium, and are now at a bit over 30. [CHART]
Of course, I’m not sure if that had anything to do with the Mariner’s record season or not…
-pat
Stadium Names
Don’t know about companies doing well, but I have examples of two more that are not (Ottawa, Canada):
The Corel Center
Jetform Stadium
More Canadian Ones
Molson Centre in Montreal – beer company, doing well.
Air Canada Centre in Toronto – airline, not so good.
GM Place in Vancouver – General Motors, no problem.