Naming Rights- Going on Ice?

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It's no secret of the financial situation that has taken over the globe.  It's also probably no secret that this very situation that has ruined many jobs is also affecting the sports world.  One aspect of the sports business world that has truly started to suffer is the naming rights to various stadiums and future stadiums that have plans to be built.  With the economy in a mess it's difficult for many big name companies to take over the naming rights of the stadiums.  With some teams holding out on choosing a partner until after the economic crisis it's hard to say how this problem will be resolved.

In theory, waiting for the economic crisis to end truly isn't the best solution to this problem.  With no real end to this recession in sight, people may need to start thinking of a real solution instead of just waiting.  Stadiums are getting more and more expensive whenever they are built, so now it has come down to either finding a reliable partner for naming rights or taking on this burden yourself.  Whatever teams decide to choose, hopefully it will be the right one, but for now all the fans can do is sit back and watch as their teams fight through the economic crisis.  nfl_20logo_rgqe.gif

 

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This page contains a single entry by Joe Battaglini published on November 14, 2008 1:22 PM.

Sport Industry Attempts To Go Green was the previous entry in this blog.

Vick's lawyers say their client expects to play in NFL again is the next entry in this blog.

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