Home > Giants, Jets, Sports, sports economic issues > Update: Allianz Drops Jets/ Giants Naming Rights

Update: Allianz Drops Jets/ Giants Naming Rights

September 13, 2008

Update from yesterday’s link dump post. From the New York Times:

The Giants and the Jets said Friday that they had ended talks with Allianz, a German-based insurance company with connections to the Third Reich, about selling the naming rights to the $1.6 billion stadium they are building in the Meadowlands.

The decision came after two days of largely negative reaction to the possibility of a deal with Allianz, which insured facilities at Auschwitz and other concentration camps, and which deprived many Jewish customers of the proceeds from their insurance policies….

Lamping said in an interview: “We paid very close attention to what people were saying this week. Whether those opinions were expressed directly to us, or through the media, we paid attention and was one of many factors that went into our decision.”

But he would not say why the teams entered into negotiations with Allianz knowing of its Nazi-era dealings and the potential that people in the New York market, which includes many Jews and Holocaust survivors, might be offended.

“We gained a real understanding of the depth of the issues in the community,” he said.

How they could not have predicted the backlash, I don’t know.

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