Why are employee credit unions spending millions of dollars on stadium naming rights?
I posed this question a couple years ago when the L&N naming rights deal was announced. Hard to fathom that a credit union member wouldn't rather have his costs reduced.
I've never seen a copy of the L&N contract, but I do know that it's pay-as-you-go. $2 million annually with nothing paid up front. If anyone has looked at the language, I'm curious whether it's a binding commitment although that might not matter if the federal government intervenes in these deals.
I posed this question a couple years ago when the L&N naming rights deal was announced. Hard to fathom that a credit union member wouldn't rather have his costs reduced.
I've never seen a copy of the L&N contract, but I do know that it's pay-as-you-go. $2 million annually with nothing paid up front. If anyone has looked at the language, I'm curious whether it's a binding commitment although that might not matter if the federal government intervenes in these deals.
