Monday, June 14, 2010

An Offer To Refuse

The Jets and Giants have been unable to sell the naming rights to their new stadium. The sale is considered critical in financing the debt structure of the construction.

It appears they have a suitor, although the teams are not overly thrilled. AshleyMadison is a .com adult website that promotes adulterous affairs for married people. Their ads have been banned from the Super Bowl.

The CEO has offered $25 million over the course of five years for the stadium naming rights. No comments have been made by the teams, but it's hard to turn down that type of money when nobody else is offering it.

My guess is that the teams will decline the offer and hope that somebody makes a better work with more credibility.

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