The banking giant is looking at breaking its $400-million naming-rights deal for Citi Field, the new home of the New York Mets, less than two months before the ballpark’s grand opening.
Citigroup is looking at breaking its $400-million naming-rights deal for Citi Field, the new home of the New York Mets, less than two months before the ballpark’s grand opening.
The banking giant is under criticism for accepting bailout money from the federal government’s TARP program and continuing with the biggest naming-rights deal in sports history.
It’s not exactly clear whether Citigroup is actually looking at doing this — because we’re guessing the Mets included a pretty severe penalty for pulling out — or sending mixed signals to assuage public opinion on the matter.