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The "Naming Curse"


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#1 Rail Paul

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Posted 04 July 2012 - 01:33 PM

Barclays paid $400mn for the rights to put its name on the new arena in Brooklyn. In so doing, it joins companies like Enron, Adelphia, Conseco, and American Airlines. Financially troubled Chesapeake Energy is also a significant owner of the Oklahoma Thunder, and has its name on their arena, too.


NY Times:

The stadium-naming jinx has been well documented. Enron Field in Houston was renamed Minute Maid Park after Enron’s collapse. Adelphia Coliseum was the home of the Tennessee Titans before that company went bankrupt, and the Baltimore Ravens once played in PSINet Stadium. American Airlines, whose parent company declared bankruptcy last year, gives its name to the American Airlines Arena in Miami.

An exception — but up to a point, given its struggle to turn itself around — has been Citigroup, which committed $400 million in 2006 for naming rights to the Mets stadium.



Often portends trouble
"Peter Kiewit looked for three things in hiring people. He looked for integrity, intelligence and energy. And he said if a person didn’t have the first…that the latter two would kill him. Because if they don’t have integrity, you want ‘em dumb and lazy. You don’t want ‘em smart and energetic.”

Warren Buffett

#2 Daniel

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Posted 04 July 2012 - 01:57 PM

WorldCom Stadium baby
Ason, I keep planets in orbit.