Sunday, December 7, 2008

"An irresponsible vanity buy"


Phil Mushnick in the Post today:

Two years ago, when the country's financial health was superficially strong, the Mets-Citigroup naming rights deal -- a record-cracking $20 million for 20 years to call the new ballpark Citi Field -- wasn't just gaudy, it was downright obscene.

Now, with Citi laying off thousands while reaching for billions in government bailout money, and with Citi's clients having taken a brutal beating, the declaration by the two parties that the ballpark naming deal will proceed as agreed upon is nauseating.

Two years ago, the $400 million deal to call the Mets' new stadium Citi Field was nothing better than an irresponsible vanity buy
, one rooted less in advertising than in mad money beyond Madison Ave.

Today, that the deal will be sustained is no different than a welfare mother spending her family's subsistence money on booze, bracelets and the down payment on a brand new BMW.

No comments:

Post a Comment

Your remarks and lively debates are welcome, whether supportive or critical of the views herein. Your articulate, well-informed remarks that are relevant to an article are welcome.

However, commentary that is intended to "flame" or attack, that contains violence, racist comments and potential libel will not be published. Facts are helpful.

If you'd like to make personal attacks and libelous claims against people and businesses, then you may do so on your own social media accounts. Also, comments predicting when a new business will close ("I give it six weeks") will not be approved.