Waffles Posted January 17, 2007 Share Posted January 17, 2007 http://www.nypost.com/seven/01172007/news/...rich_calder.htmJanuary 17, 2007 -- The future Brooklyn home of the NBA's Nets will be named Barclays Center, in the most lucrative deal ever for an arena in the United States, The Post has learned.London-based Barclays Bank has agreed to pay the Nets "hundreds of millions of dollars over the next 20 years" for the naming rights to the planned 18,000-seat arena in Prospect Heights that will house the franchise once it moves from New Jersey to Brooklyn for the 2009-2010 season, sources said.The slam-dunk agreement is the "most expensive arena deal" in the country, exceeding the $9.3 million-a-year over 20 years that Royal Philips Electronics is paying to name Atlanta's Philips Arena, one source said. The exact dollar amount could not be learned last night. Link to comment Share on other sites More sharing options...
no97 Posted January 17, 2007 Share Posted January 17, 2007 I understand that the NY Post wants to compare apple's to apple's, but why mention Phillips Arena as the "most expensive arena deal," yet fail to mention the most expensive stadium deal ever, in the University of Phoenix Stadium, witch this one seems to surpass as well ($154.5 mil over 20 years, as opposed to "hundreds of millions")?Moose Link to comment Share on other sites More sharing options...
WJMorris3 Posted January 17, 2007 Share Posted January 17, 2007 $9.3M a year for 20 years is about $185 million. That trumps $154.5M. Link to comment Share on other sites More sharing options...
leedsunited Posted January 17, 2007 Share Posted January 17, 2007 I don't know what's weirder: That a brooklyn arena with the primary tenants a middling NBA franchise gets the largesse of a corporate sponsor like that, or that Atlanta's arena previously held the title... Link to comment Share on other sites More sharing options...
Saturn Posted January 18, 2007 Share Posted January 18, 2007 I have an urge to say English Premier League instead of Center after Barclays.......OMG CONSPIRACY! Link to comment Share on other sites More sharing options...
Guest Posted January 18, 2007 Share Posted January 18, 2007 I didn't even know this arena had even been 100% confirmed. Link to comment Share on other sites More sharing options...
NJTank Posted January 18, 2007 Share Posted January 18, 2007 There are still legal challenges www.sportsecyclopedia.com For the best in sports history go to the Sports E-Cyclopedia at http://www.sportsecyclopedia.com Link to comment Share on other sites More sharing options...
no97 Posted January 18, 2007 Share Posted January 18, 2007 $9.3M a year for 20 years is about $185 million. That trumps $154.5M.No one said I was good at math... Moose Link to comment Share on other sites More sharing options...
Waffles Posted January 18, 2007 Author Share Posted January 18, 2007 How's this for crushing the previous record...Setting a record price for the naming rights to an American indoor sports arena, the British bank Barclays has agreed to pay nearly $400 million over 20 years to put its name on the Nets? planned future home in Brooklyn, according to a person with direct knowledge of the deal.http://www.nytimes.com/2007/01/18/sports/b...ll/18arena.htmlAs for legal hurdles...the only things left are the lawsuits concerning the use of eminent domain by the property owners who did not take buyouts. Link to comment Share on other sites More sharing options...
leedsunited Posted January 18, 2007 Share Posted January 18, 2007 There are still legal challengesI thought it's pretty much a go now... Link to comment Share on other sites More sharing options...
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