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Mets; Citigroup agree to 20 year sponsorship deal

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Saturday, November 11, 2006

The New Mets stadium to be called Citifield

The New York Mets baseball team has agreed to a 20-year sponsorship deal with financial house Citigroup for the team's new ballpark, now called CitiField. The deal, which includes stadium naming rights, is worth more than $20 million annually, according to a baseball official.

This tops the approximately ten million annually the NFL's Houston Texans receive from Reliant Energy to call their home Reliant Stadium.

The agreement between the Mets and the financial services company includes options for both the team and Citigroup that could extend the deal to up to 35-years. Other commercial arrangements are part of the contract, the official said.

Construction on the ballpark, next to the current stadium in Queens, New York, began last summer and is scheduled to be ready for the 2009 season. The Mets have played at Shea Stadium since 1964, the team's third year in the league. The ballpark is named for William A. Shea, a lawyer who helped bring National League baseball back to New York.

The announcement will be made Monday at a special ceremony that will be attended by New York Govener, George Pataki and New York City Mayor Michael Bloomberg.

Citigroup is one of the world's largest full-service banks, with two hundred million customers in more than 100 countries.

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  This page is archived, and is no longer publicly editable.
Articles presented on Wikinews reflect the specific time at which they were written and published, and do not attempt to encompass events or knowledge which occur or become known after their publication.

Got a correction? Add the template {{editprotected}} to the talk page along with your corrections, and it will be brought to the attention of the administrators.

Please note that due to our archival policy, we will not alter or update the content of articles that are archived, but will only accept requests to make grammatical and formatting corrections.

Note that some listed sources or external links may no longer be available online due to age.
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