Tuesday, February 3, 2009

Citi Group & Mets Will Remain Partners

In response to a Wall Street Journal story that stated that Citi Group was looking into the idea of splitting from the Mets because of the company's recent bankruptcy and federal bailout problems; Citi came out today singing a different tune.

Citi and the Mets will remain partners for the forceable future. In December, the Mets came out in defense of Citi after the bank tanked and laid off several employees. On Monday, Citi said that there would be no TARP capital used to finance the new ballpark.

Last week, two U.S. Senators decided to stick their noses into the Mets business. Denis Kucinich (Democrat, Ohio) and Ted Poe (Republican, Texas) criticized the Mets for continuing their partnership with Citi and pushed Treasury Secretary Tim Geithner to move for the destruction of the partnership, creating this recent controversy.

Citi Field is expected to open April 13. Whether the Mets will really keep the name remains to be seen.

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