When corporate naming rights become comical: The WaMu Theatre at Madison Sq Garden?

[marmar]

Will Citibank be around when the Mets new stadium, Citi Field, opens next year?



Madison Square Garden's `WaMu Theater' Unaffected by Bank Sale


Sept. 26 (Bloomberg) -- The WaMu Theater at Madison Square Garden will maintain operations uninterrupted after its naming rights sponsor, Washington Mutual Inc., was sold in the biggest U.S. bank failure in history.

What it will be called remains up in the air.

The Seattle-based savings and loan was seized by U.S. regulators and its branches and assets were sold to JPMorgan Chase & Co. after withdrawals of $16.7 billion since Sept. 16 left the company unsound.

``Today's news will have no impact on the operation of the WaMu Theater at Madison Square Garden or on our customers,'' Barry Watkins, a spokesman for MSG's parent company, Cablevision Systems, said in a statement. ``We empathize with our business partner and its employees and, at the appropriate time, will speak with the proper people regarding the future.''

Watkins and other Garden officials didn't respond to question about what name might be placed on the theater, a secondary venue at the 19,000-seat New York arena that generally is used for lower-level sports and entertainment events. Madison Square Garden is home to basketball's New York Knicks and Liberty and hockey's New York Rangers.

JP Morgan will have 5,400 offices with about $900 billion in deposits, the most of any U.S. bank. The branches and credit cards will carry the Chase brand and will be integrated by 2010, JPMorgan said.


http://www.bloomberg.com/apps/news?pid=20601079&sid=asLXINAxMXXg&refer=home

[avaistheone1]

1. How about the Goldman Sachs Lincoln Memorial?

~ In loving memory of Henry Paulsen for hoodwinking the American people ~

[malaise]

2. I'm curious to know how many of the high prices boxes at the

new Yankee stadium were bought by these criminal gamblers.

[avaistheone1]

3. I am sure lots and lots.

You and I won't be invited to them. But you can be sure a warm place will be saved for Congress in more than a few Wall Street luxury boxes there.

[rufus dog]

4. I remember a study done about 5 years ago

About 40% of stadium rights holders went under from 95 to 2000. It makes sense, companies lose vision and start pumping big dollars into entertainment.

[alarimer]

5. I am really tired of the corporate names of stadiums anyway.

It is just advertising for these evil corporations anyway.