May 8, 2008

Kevin Duffy on banks putting their names on major sports stadiums

Today 24 of 72 major sports stadiums have granted naming rights to financial firms, 14 of them banks. (Recall that 19% of the Stadium Class of 2000 -- including PSINet Stadium and Enron Field -- went bankrupt within five years.)

~ Kevin Duffy, Bearing Asset Management, "For Whom Do the Bells Toll", Barron’s, June 18, 2007

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