When do the taxpayers get named after a stadium?
Citigroup says it plans to maintain its $400 million contract with the New York Mets. They will pay the Mets $400 million so they can call their new stadium “Citi Field.” I wonder how the 52,000 employees that Citi is laying off feels about that?
AIG pays a British soccer team $125 million to put “AIG” on their uniforms. This is the same AIG that just got a $150 billion loan from the taxpayers.
There are more examples. Bank of America took a $25 billion loan for the Treasury’s Troubled Assets Relief Program. Meanwhile, Bank of America wants to pay the New York Yankees $20 million per year to be their sponsor. Bank of America also has its name on the Carolina Panthers football stadium … that cost them $140 million.
None of this is right people. When do we get have The USA Taxpayer Stadium named after us?
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- Troubled Asset Relief Program
Tags: aig, bank of america, carolina panthers, Citigroup, new york mets, new york yankees, soccer, tarp, troubled assets relief program
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November 25th, 2008 at 6:30 pm
Whaaaaaah!
STOP paying $$$ to watch grown men hit balls with sticks.
Citi wouldnt think twice about it.
November 25th, 2008 at 6:34 pm
Consumers/fans bring this on themselves, they support the same culture as Citibank.
If fans didnt dump thousands of their own cash to watch, Citi wouldn’t have a reason to label the stadium.
Consumers are to blame, not Citi.
Spend your money with a little more discrimination.
November 25th, 2008 at 7:21 pm
[...] like to join the call from skippy the bush kangaroo and a pair of righty blogs that U.S. taxpayers deserve a share of the action here. But rather than replacing the [...]
November 25th, 2008 at 8:27 pm
PLEASE STOP THESE PEOPLE SHIVING SHENAIGANS IN OUR FACES!!!!
PLEASE!!! PLEEAASEE!!!! PLEEEEAAASSSEEEE!!!!!!!!!!!!!!!!!!
I CANT TAKE IT ANYMORE!!! AHHHHHHHHHHHH!!! NOO NOO!!!!!!!
November 25th, 2008 at 8:32 pm
Umm I think you missed the point, when you owe money regardless if you are a big corporation or a little joe plumber, YOU STOP SPENDING ON NON-ESSENTIALS. Sponsoring teams is not an essential element to run the business. They are in serious trouble, they need to sever all of these wasteful expenses.
It is just a pure slap in the face that Citi will lay-off thousands of employees, but still spend millions on a sports team sponsorship.
Even worse that they would accept money from the government to bail them out, and still flagrantly spend money.
Man people are retarded
November 26th, 2008 at 10:15 am
Well, I for one don’t spend my money on watching growing men play with sticks and balls, or cars, or anything else. It seems the rest of these depressed myomas need something to comfort them though. But you have missed the point, and it’s just like JW said above.
November 26th, 2008 at 1:25 pm
They will keep shoving these taxpayer-funded “corporate-sponsored” stadiums down our throats till doomsday, NO MATTER WHAT. I live in Phoenix and the Phoenix City Council shoved through a tax hike to pay for our beloved Cardinals stadium in Glendale a dozen or so years ago. The City Council meeting was guarded by Sheriff’s deputies who escorted dissenters OUT OF THE ROOM (or didn’t let them in to begin with) when the sales tax hike was “proposed.” Most voters DID NOT want the stadium (or the sales tax hike) but it went through anyway and the stadium was built. ALL of the incumbent councilmen of the City of Phoenix were voted out of office in the very next election, but regardless, the staduim stands.