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Re: Buckey post# 220879

Thursday, 05/09/2024 11:04:23 AM

Thursday, May 09, 2024 11:04:23 AM

Post# of 221944
I wasn't implying TD Bank is a failing bank. I'm very familiar with them and BMO having dealt with both banks when I was working. I agree Canada's bank system is probably better run than the US but we also have a lot more banks.

My point was about naming rights to sports venues and the curse that gets tied to them when a company fails.

Enron Park is a good example. wink

The ballpark was first inaugurated with a preseason game against the New York Yankees on March 30, 2000, with naming rights sold to the Houston energy and financial trading company Enron in a 30-year, $100 million deal.[43] However, Astros management faced a public relations problem when the energy corporation went bankrupt in 2001 due to a financial scandal. Quickly wanting to distance themselves from Enron, Astros ownership asked to prematurely end naming rights, but Enron refused.[44] On February 5, 2002, Astros ownership filed a motion with the court overseeing the company's bankruptcy to force Enron to make an immediate decision on the matter. By February 27, the two entities agreed to end the naming rights, and settled with the Astros paying $2.1 million to Enron. Without a naming rights agreement in place, the ballpark became officially known as "Astros Field"


https://en.wikipedia.org/wiki/Minute_Maid_Park

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