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Bailed-out companies AIG, Citibank have no plans to cancel expensive sports sponsorsh

Discussion in 'Political Discussion' started by Holy Diver, Nov 25, 2008.

  1. Holy Diver

    Holy Diver Pro Bowl Player

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    Yay!!!!

    Think Progress Bailed-out companies AIG, Citibank have no plans to cancel expensive sports sponsorships.

    Struggling Citibank just sealed a multi-billion-dollar emergency “backstop” deal with the U.S. government. The financial behemoth, suffering with billions in bad mortgage-related assets on its books, recently shed 53,000 workers and saw its stock price lose over half its value. Yet it’s in a 20-year contract to pay the New York Mets $400 million to name the team’s new stadium “Citi Field.”

    Imploding insurance giant AIG is paying the British soccer team Manchester United $125 million for the privilege of having its logo appear on Man U’s uniforms. That, despite the fact the firm is standing largely thanks to a $150 billion lifeline from the U.S. Treasury.
     
  2. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    Re: Bailed-out companies AIG, Citibank have no plans to cancel expensive sports spons


    The Mets should offer them an out and we can all watch to see what happens. The Mets would become enourmously popular if they did that publicly. Citi pigs need a dose of humility and embarrassment.
     
  3. Holy Diver

    Holy Diver Pro Bowl Player

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    Re: Bailed-out companies AIG, Citibank have no plans to cancel expensive sports spons

    anyone remember CMGI field?
     
  4. PatsWSB47

    PatsWSB47 Veteran Starter w/Big Long Term Deal

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    Re: Bailed-out companies AIG, Citibank have no plans to cancel expensive sports spons

    Yeah, I still have a couple of cups with their logo on them. I picked them up when they were courting people for the club seats.
     
  5. PatsFanInVa

    PatsFanInVa PatsFans.com Supporter PatsFans.com Supporter

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    Re: Bailed-out companies AIG, Citibank have no plans to cancel expensive sports spons

    You've never seen Washington policy wonks laugh as much as the day they began broadcasting a PSA on the Metro for the 10th Annual Fannie Mae "Walk for the Homeless" charity walk...
     

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