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Naming rights deal dead

Not good news…

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Naming-rights deal for FAU stadium called off

President of the No Homers Club. Keepin' it real since 2001.
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Re: Naming rights deal dead

"We've come so close to so many, and then one thing or another happens and we get snakebit," said FAU trustee Armand Grossman, about the search for a donor willing to pay $1 million over 20 years to affix its name to FAU's stadium. "I'd love to say there was a done deal."

This is what Armond told me at the Michigan State game when I asked him. They would get pretty close to closing the deal and the other party would back out. The economy is hurting a lot of industries right now, especially banks.



FAU - THE REAL SLEEPING GIANT
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Re: Naming rights deal dead

illinoisowl said

"We've come so close to so many, and then one thing or another happens and we get snakebit," said FAU trustee Armand Grossman, about the search for a donor willing to pay $1 million over 20 years to affix its name to FAU's stadium. "I'd love to say there was a done deal."

This is what Armond told me at the Michigan State game when I asked him. They would get pretty close to closing the deal and the other party would back out. The economy is hurting a lot of industries right now, especially banks.

Although many won't come out and admit it, I think there are individuals at certain rival institutions that are enjoying this ambiguity and waiting for the stadium to go the way of the hospital: a nice but ultimately too expensive idea.

I'm encouraged we at least have the Crocker deal and it could be discussed as early as Wednesday next week, per Kimberly Miller's article. I hope FAU just gives in. Like I said, the loss of revenue for 2400 beds over 50 years sure sucks but we need the stadium and you know what… we're going to need more than 2400 more beds. They can still make money by building additional dorms down the line.

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There's a Board of Trustees meeting…..

And I hope some of the criticism to FAU's athletics department and the handling of the stadium subdues somewhat. The article proves they had the deal…but lost it because of the economy. I assure you they are working their tails off to make this stadium a reality.

I'm a proud lifetime member of the FAU National Alumni Association. Are you a member? Join now at www.faualumni.org.
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Is this really news?  I mean, did anyone expect a bank to be throwing money around right now?

Just go ahead with the development deal already!  Build it with 20,000 seats if need be, but get something built on campus NOW!
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Re: Naming rights deal dead

fauowls44 said

Is this really news?  I mean, did anyone expect a bank to be throwing money around right now?

Just go ahead with the development deal already!  Build it with 20,000 seats if need be, but get something built on campus NOW!

I think the news is that the PBPost was able to obtain e-mails from FAU to prove that the deal was moving forward.

Development rights….. here we come! Let's do it!

I'm a proud lifetime member of the FAU National Alumni Association. Are you a member? Join now at www.faualumni.org.
Tradition in the Making, One Alum at a Time…
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I was quoted in this article by Kim Miller yesterday. The link in the first post of this forum is the story that ran in the paper…. it's a bit of an abridged version due to space.

I went searching online this AM for the "full" piece and found this

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Full Story on Stadium

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Re: Naming rights deal dead

CanadianOwl said


Why is this thread entitled "Naming rights deal dead"? And why is the link you posted entitled "Naming-rights deal for FAU stadium called off"?

Where does it say that in the "article"? (about the "news" she purports; which is over three months old)

Here is what it says:

"Notwithstanding the considerable challenges posed by the current financial conditions, FAU continues to identify and work with prospects who are interested in securing naming rights to the stadium," Kian said."
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Re: Naming rights deal dead

Florida_Owl said

CanadianOwl said


Why is this thread entitled "Naming rights deal dead"? And why is the link you posted entitled "Naming-rights deal for FAU stadium called off"?

Where does it say that in the "article"? (about the "news" she purports; which is over three months old)

Here is what it says:

"Notwithstanding the considerable challenges posed by the current financial conditions, FAU continues to identify and work with prospects who are interested in securing naming rights to the stadium," Kian said."

Two reasons FO. That was the title on the story as it appeared last night on the PBP web site and also because "Naming-rights deal for FAU stadium called off" is the headline at the top of the Local section that showed up at my door this morning.

What does this sentence say to you?

"Now, mid-November, the deal is kaput - a victim, in part, of the global economic turmoil that has shadowed FAU's funding drive for the 30,000-seat stadium tentatively approved by trustees in September 2007."

President of the No Homers Club. Keepin' it real since 2001.
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Re: Naming rights deal dead

CanadianOwl said

Two reasons FO. That was the title on the story as it appeared last night on the PBP web site and also because "Naming-rights deal for FAU stadium called off" is the headline at the top of the Local section that showed up at my door this morning.

What does this sentence say to you?

"Now, mid-November, the deal is kaput - a victim, in part, of the global economic turmoil that has shadowed FAU's funding drive for the 30,000-seat stadium tentatively approved by trustees in September 2007."


says THAT deal, in specific, is not in consideration…

folks on this fourm knew of this back in august…

and since then they have, and still are, looking for a sponsor…

if you read the title to this thread, it incenuates that they are not…and have "given up"…

this, no offense to you, is exactly why i do not care for the PBP…

not truthful, and consistently try to paint a dismal picture…
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