« The Day: Maybe It’s Time To Hug a Cyclist | Main | Dwight Howard deal would cost Nets owner Mikhail Prokhorov $107.5M over next four years »
July 6, 2012
Will the Barclays Banking Scandal Drag Down Arena's Reputation?
The London-based bank the arena is named for is dealing with the fallout from accusations of rate manipulation.
Park Slope Patch
by Jamie Schuh
The Barclays Center is due to open in less than three months, but its name could be tarnished by news that three of the London bank’s top executives are resigning over a rate-manipulation scandal, says the New York Times.
Barclays is paying $200 million over the next 20 years for naming rights to the Atlantic Yards arena, but will the bank’s episode ultimately turn into an embarrassment for the arena?
NoLandGrab: The arena's already an embarrassment of eminent domain abuse, corporate welfare, backroom dealing, crime and corruption. Barclays is just more icing on the cake.
Related content...
The Real Deal, Amid current scandal, Barclays to get a high-profile Brooklyn namesake
Posted by eric at July 6, 2012 9:51 AM