Naming rights
Encyclopedia
In the private sector, naming rights are a financial transaction whereby a corporation or other entity purchases the right to name a facility, typically for a defined period of time. For properties like a multi-purpose arena, performing arts venue or an athletic field, the term ranges from three to 20 years. Longer terms are more common for higher profile venues such as a professional sports facility.

The distinctive characteristic for this type of naming rights is that the buyer gets a marketing property to promote products and services, promote customer retention
Customer retention
Customer Retention is the activity that a selling organization undertakes in order to reduce customer defections. Successful customer retention starts with the first contact an organisation has with a customer and continues throughout the entire lifetime of a relationship...

 and or increase market share.

In a few cases, naming rights contracts have been terminated prematurely. Such terminations may be the result of contractual options, sponsor bankruptcy, or scandals.

Stadium naming

Stadium naming rights in North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...

 may have been traced back to 1912 with the opening of Fenway Park
Fenway Park
Fenway Park is a baseball park near Kenmore Square in Boston, Massachusetts. Located at 4 Yawkey Way, it has served as the home ballpark of the Boston Red Sox baseball club since it opened in 1912, and is the oldest Major League Baseball stadium currently in use. It is one of two "classic"...

 in Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

. The stadium's owner had owned a realty company called "Fenway Realty", so the promotional value of the naming has been considered. Despite this, it is more widely believed to have begun in 1926 when William Wrigley, the chewing gum entrepreneur and owner of the Chicago Cubs, named his team's stadium "Wrigley Field." In 1953, Anheuser-Busch
Anheuser-Busch
Anheuser-Busch Companies, Inc. , is an American brewing company. The company operates 12 breweries in the United States and 18 in other countries. It was, until December 2009, also one of America's largest theme park operators; operating ten theme parks across the United States through the...

 head and St. Louis Cardinals
St. Louis Cardinals
The St. Louis Cardinals are a professional baseball team based in St. Louis, Missouri. They are members of the Central Division in the National League of Major League Baseball. The Cardinals have won eleven World Series championships, the most of any National League team, and second overall only to...

 owner August Busch II proposed re-naming Sportsman's Park
Sportsman's Park
Sportsman's Park was the name of several former Major League Baseball ballpark structures in St. Louis, Missouri, USA, all but one of which were located on the same piece of land, the northwest corner of Grand Boulevard and Dodier Street on the north side of the city.- History :From...

, occupied by the Cardinals, "Budweiser
Budweiser (Anheuser-Busch)
Budweiser is a 5.0% abv American-style lager introduced in 1876 by Adolphus Busch and one of the highest selling beers in the United States. It is made with up to 30% rice in addition to hops and barley malt. Budweiser is produced in various breweries located around the world...

 Stadium". When this idea was rejected by Ford Frick
Ford Frick
Ford Christopher Frick was an American sportswriter and executive who served as president of the National League from to and as the third Commissioner of Major League Baseball from 1951 to . He was elected to the Baseball Hall of Fame in 1970...

, the Commissioner of Baseball
Baseball Commissioner
The Commissioner of Baseball is the chief executive of Major League Baseball and its associated minor leagues. Under the direction of the Commissioner, the Office of the Commissioner of Baseball hires and maintains the sport's umpiring crews, and negotiates marketing, labor, and television contracts...

 at that time, Anheuser-Busch then proposed the title "Busch Stadium" after one of the company's founders. The name was readily approved, and Anheuser-Busch subsequently released a new product called "Busch Bavarian Beer" (now known as Busch Beer). The name would later be shifted to the Busch Memorial Stadium
Busch Memorial Stadium
Busch Memorial Stadium, also known as Busch Stadium, was a multi-purpose sports facility in St. Louis, Missouri that operated from 1966 to 2005....

 in 1966
1966 in sports
1966 in sports describes the year's events in world sport.-Alpine skiing:* FIS Alpine World Ski Championships –** Men's combined champion: Jean-Claude Killy, France** Women's combined champion: Marielle Goitschel, France-American football:...

, shortened in the 1970s to "Busch Stadium" and remained the stadium's name until it closed in 2005. By that time, Major League Baseball
Major League Baseball
Major League Baseball is the highest level of professional baseball in the United States and Canada, consisting of teams that play in the National League and the American League...

's policy had changed – with Coors Field
Coors Field
Coors Field, located in Denver, Colorado, is the home field of Major League Baseball's Colorado Rockies. It is named for the Coors Brewing Company of Golden, Colorado, which purchased the naming rights to the park prior to its completion in 1995...

 in Denver
Denver, Colorado
The City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains...

 and Miller Park in Milwaukee
Milwaukee, Wisconsin
Milwaukee is the largest city in the U.S. state of Wisconsin, the 28th most populous city in the United States and 39th most populous region in the United States. It is the county seat of Milwaukee County and is located on the southwestern shore of Lake Michigan. According to 2010 census data, the...

 going up in that span – and Anheuser-Busch (who retained the naming rights after selling the team) was able to use the same name for the Cardinals' new stadium
Busch Stadium
Busch Stadium is the home of the St. Louis Cardinals, of MLB...

 which opened on April 4, 2006.

Another early example is when the New England Patriots
New England Patriots
The New England Patriots, commonly called the "Pats", are a professional football team based in the Greater Boston area, playing their home games in the town of Foxborough, Massachusetts at Gillette Stadium. The team is part of the East Division of the American Football Conference in the National...

 of the National Football League
National Football League
The National Football League is the highest level of professional American football in the United States, and is considered the top professional American football league in the world. It was formed by eleven teams in 1920 as the American Professional Football Association, with the league changing...

 sold the rights to name the stadium
Foxboro Stadium
Foxboro Stadium was an outdoor stadium, located in Foxborough, Massachusetts...

 that they had constructed in Foxborough, Massachusetts
Foxborough, Massachusetts
-Demographics:As of the census of 2000, there were 16,246 people, 6,141 households, and 4,396 families residing in the town. The population density was 809.1 people per square mile . There were 6,299 housing units at an average density of 313.7 per square mile...

 in 1970–1971 to the Schaefer
Schaefer Beer
Schaefer Beer is a brand of American beer. Schaefer Beer was first produced in 1842 by the F. & M. Schaefer Brewing Company. The name "Schaefer" is derived from the last name of founding brothers Frederick and Maximiliam Schaefer....

 brewery.

The public reaction to this practice is mixed. Naming rights sold to new venues have largely been accepted, especially if the buyer has strong local connections to the area, such as the case of Rich Stadium
Ralph Wilson Stadium
Ralph Wilson Stadium is a football stadium, located in the town of Orchard Park, a suburb of Buffalo, New York. It is the home for the Buffalo Bills, of the NFL...

 in the Buffalo
Buffalo, New York
Buffalo is the second most populous city in the state of New York, after New York City. Located in Western New York on the eastern shores of Lake Erie and at the head of the Niagara River across from Fort Erie, Ontario, Buffalo is the seat of Erie County and the principal city of the...

 suburb
Suburb
The word suburb mostly refers to a residential area, either existing as part of a city or as a separate residential community within commuting distance of a city . Some suburbs have a degree of administrative autonomy, and most have lower population density than inner city neighborhoods...

 of Orchard Park
Orchard Park (town), New York
Orchard Park is a town in Erie County, New York, a suburb southeast of Buffalo, New York. According to the 2010 census, the population is 29,054. This represents an increase of 5.13% from the 2000 census figure. The town contains a village also named Orchard Park. Orchard Park is one of the...

, Heinz Field
Heinz Field
Heinz Field is a stadium located in Pittsburgh, Pennsylvania. It primarily serves as the home to the Pittsburgh Steelers and University of Pittsburgh Panthers American football teams, members of the National Football League and National Collegiate Athletic Association respectively...

 in Pittsburgh
Pittsburgh, Pennsylvania
Pittsburgh is the second-largest city in the US Commonwealth of Pennsylvania and the county seat of Allegheny County. Regionally, it anchors the largest urban area of Appalachia and the Ohio River Valley, and nationally, it is the 22nd-largest urban area in the United States...

, and Coors Field
Coors Field
Coors Field, located in Denver, Colorado, is the home field of Major League Baseball's Colorado Rockies. It is named for the Coors Brewing Company of Golden, Colorado, which purchased the naming rights to the park prior to its completion in 1995...

 in Denver
Denver, Colorado
The City and County of Denver is the capital and the most populous city of the U.S. state of Colorado. Denver is a consolidated city-county, located in the South Platte River Valley on the western edge of the High Plains just east of the Front Range of the Rocky Mountains...

. Selling the naming rights to an already-existing venue has been notably less successful, as in the attempt to rename Candlestick Park in San Francisco
San Francisco, California
San Francisco , officially the City and County of San Francisco, is the financial, cultural, and transportation center of the San Francisco Bay Area, a region of 7.15 million people which includes San Jose and Oakland...

 to 3Com Park. The general public (and some media outlets) continued to call the facility what it had been known as for over three decades – Candlestick Park. After the agreement with 3Com expired, the rights were resold to Monster Cable, and the stadium was renamed Monster Park
Monster Park
Candlestick Park is an outdoor sports and entertainment stadium located in San Francisco, California, in the Bayview Heights area. The stadium was originally built as the home of Major League Baseball's San Francisco Giants, who played there from 1960 until moving into Pacific Bell Park in 2000...

. San Francisco voters responded by passing an initiative (Proposition H) in the November 2004 elections that essentially stipulated the name must revert to Candlestick Park once the contract with Monster expired in 2008. The initiative proved largely ceremonial, however, and it was overturned by the passage of Proposition C in 2009 in response to desperate economic times. The naming rights to the park have yet to be resold.

Sports stadiums with naming rights deals are not limited to the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

. "Named" stadiums can be found in countries including Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...

, Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

, Finland
Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

, and Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...

. The practice is widening in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...

; for instance the current stadium of Bolton Wanderers
Bolton Wanderers F.C.
Bolton Wanderers Football Club is an English professional association football club based in the area of Horwich in the Metropolitan Borough of Bolton, Greater Manchester. They began their current spell in the Premier League in 2001....

 is the Reebok Stadium
Reebok Stadium
The Reebok Stadium is the home stadium of English Premier League football club Bolton Wanderers, and is located on the Middlebrook Retail Park in Horwich, in the Metropolitan Borough of Bolton, Greater Manchester. It is commonly known as 'The Reebok'...

 and Arsenal Football Club's new stadium for the 2006/2007 season is the Emirates Stadium
Emirates Stadium
Ashburton Grove, currently known as the Emirates Stadium, is a UEFA elite football stadium which is home to Arsenal FC, where they moved from Highbury in 2006. It has an current capacity of 60,361, and there have been rumours of an expansion...

, their previous ground being Arsenal Stadium
Arsenal Stadium
Arsenal Stadium was a football stadium in Highbury, North London, which was the home ground of Arsenal Football Club between 6 September 1913 and 7 May 2006...

. In cricket the most famous example is The Oval
The Oval
The Kia Oval, still commonly referred to by its original name of The Oval, is an international cricket ground in Kennington, in the London Borough of Lambeth. In the past it was also sometimes called the Kennington Oval...

, home of Surrey County Cricket Club
Surrey County Cricket Club
Surrey County Cricket Club is one of the 18 professional county clubs which make up the English and Welsh domestic cricket structure, representing the historic county of Surrey. Its limited overs team is called the Surrey Lions...

. It has had several sponsors over the years, and is currently known as "The Brit Oval", having originally been known as the "Kennington Oval", the district of London in which it is.

The record for the highest amount paid for naming rights belongs to Citi Field (opened in 2009) and Barclays Center (scheduled to open in 2011), both located in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...

. Each garnered deals of $20 million per year for at least 20 years, totaling $400 million.

The New Meadowlands Stadium (since named MetLife Stadium), shared home of the New York Giants
New York Giants
The New York Giants are a professional American football team based in East Rutherford, New Jersey, representing the New York City metropolitan area. The Giants are currently members of the Eastern Division of the National Football Conference in the National Football League...

 and New York Jets
New York Jets
The New York Jets are a professional football team headquartered in Florham Park, New Jersey, representing the New York metropolitan area. The team is a member of the Eastern Division of the American Football Conference in the National Football League...

 in East Rutherford, New Jersey
East Rutherford, New Jersey
East Rutherford is a borough in Bergen County, New Jersey. As of the 2010 United States Census, the borough population was 8,913. It is an inner-ring suburb of New York City, located west of Midtown Manhattan....

 was expected to eclipse both deals, with experts estimated it would value $25–30 million annually.

Other examples

While the highest prices have traditionally been paid for stadium rights, many companies and individuals have found that selling their naming rights can be an important consideration in funding their business. In the last few years many new categories have opened up, such as the selling of the rights to name a new monkey species
GoldenPalace.com Monkey
The Madidi titi, or the GoldenPalace.com monkey is a titi, a kind of New World monkey, discovered in western Bolivia's Madidi National Park in 2004.-Distribution:...

 for $650,000.

Naming rights to public transit stations have been sold in Las Vegas and Philadelphia. Such sales have been contemplated in New York and Boston
Boston
Boston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...

, and ruled out in San Francisco. A sponsorship for the MBTA's State Street station
State (MBTA station)
State, well known as State Street, is a subway station of the Massachusetts Bay Transportation Authority. Located in downtown Boston, Massachusetts, State is the transfer point between the Orange Line and the Blue Line.-Description:...

 by Citizens Bank
Citizens Bank
Citizens Bank may refer to:Financial institutions:*Citizens Bank of Canada, a virtual bank headquartered in British Columbia*Citizens Bank International Ltd., a bank in Nepal...

 lasted from 1997 to 2000.

Naming rights also extend outside stadiums in the realm of sports; in college football
College football
College football refers to American football played by teams of student athletes fielded by American universities, colleges, and military academies, or Canadian football played by teams of student athletes fielded by Canadian universities...

, all of the Division I bowl game
Bowl game
In North America, a bowl game is commonly considered to refer to one of a number of post-season college football games. Prior to 2002, bowl game statistics were not included in players' career totals and the games were mostly considered to be exhibition games involving a payout to participating...

s have either modified or abandoned their traditional names in favor of title sponsors. While most include the traditional name in some form (e.g. Discover
Discover Card
The Discover Card is a major credit card, issued primarily in the United States. It was originally introduced by Sears in 1985, and was part of Dean Witter, and then Morgan Stanley, until 2007, when Discover Financial Services became an independent company. Novus, a major processing center, used to...

 Orange Bowl
Orange Bowl
The Orange Bowl is an annual American college football bowl game played at Sun Life Stadium in Miami Gardens, Florida. It has been played annually since January 1, 1935 and celebrated its 75th playing on January 1, 2009...

, The Rose Bowl Game
Rose Bowl Game
The Rose Bowl is an annual American college football bowl game, usually played on January 1 at the Rose Bowl in Pasadena, California. When New Year's Day falls on a Sunday, the game is played on Monday, January 2...

 presented by Vizio
Vizio
Vizio is a privately held producer of consumer electronics, based in Irvine, California, USA. It was founded in October 2002 as V Inc. Vizio's major partner in the consumer electronics arena is AmTran Technology, a Taiwan-based OEM/ODM that manufactures more than half of the televisions sold...

), there have been bowl games that have totally eliminated their traditional name in favor of solely using a corporate sponsor's name in an effort to dissuade fans from using a generic name (for instance, the former Citrus Bowl is now known as the Capital One Bowl
Capital One Bowl
The Capital One Bowl is an annual college football bowl game played in Orlando, Florida at the Citrus Bowl, and previously known as the Tangerine Bowl and the Florida Citrus Bowl...

and the former Peach Bowl is known as the Chick-Fil-A Bowl
Chick-fil-A Bowl
The Chick-fil-A Bowl, formerly called the Chick-fil-A Peach Bowl, and before that simply called the Peach Bowl, is an annual college football bowl game played in Atlanta, Georgia since December 1968. The first three Peach Bowls were played at Grant Field on the Georgia Tech campus in Atlanta....

), a move that generally is treated with consternation from fans. Team names have occasionally been sold to corporate sponsors as well (such as the New York Red Bulls), but this is generally rare in the United States and more common in other parts of the world.

During the 1980s, sanctioned auto races in NASCAR
NASCAR
The National Association for Stock Car Auto Racing is a family-owned and -operated business venture that sanctions and governs multiple auto racing sports events. It was founded by Bill France Sr. in 1947–48. As of 2009, the CEO for the company is Brian France, grandson of the late Bill France Sr...

 and IndyCar
IndyCar
IndyCar is the trade name of an American-based open-wheel auto racing sanctioning body. IndyCar sanctions three racing series, the premier IZOD IndyCar Series with its centerpiece Indianapolis 500, and developmental series Firestone Indy Lights and the U.S...

 began to abandon their traditional names in favor of exclusive sponsor names. The trend expanded rapidly in NASCAR such that in 1991, all 29 races in the Winston Cup Series featured sponsor names (including the Daytona 500
Daytona 500
The Daytona 500 is a -long NASCAR Sprint Cup Series race held annually at the Daytona International Speedway in Daytona Beach, Florida. It is one of four restrictor plate races on the Cup schedule....

, which was titled the Daytona 500 by STP), with little or no reference to the original names. As of the 2000s, very few exceptions remain in NASCAR, and typically races without sponsor names only lack them because a suitable sponsor could not be secured in enough time. IndyCar follows suit, with most races (except the very traditional Indianapolis 500
Indianapolis 500
The Indianapolis 500-Mile Race, also known as the Indianapolis 500, the 500 Miles at Indianapolis, the Indy 500 or The 500, is an American automobile race, held annually, typically on the last weekend in May at the Indianapolis Motor Speedway in Speedway, Indiana...

) embracing title sponsorship.

Social connotations

In some places, and especially in the UK and US, the naming or renaming of arenas or events is often met with disapproval from the general public. Some people see it as an example of a selling out
Selling out
"Selling out" is the compromising of integrity, morality, or principles in exchange for money or "success" . It is commonly associated with attempts to tailor material to a mainstream audience...

, especially when they see no obvious benefit to themselves. They often refuse to use a new name, preferring instead to use a non-branded name, especially in colloquial situations. Re-branding can also lead to confusion. In such cases, there may be a lengthy period during which the property is known by both names. A common example is Willis Tower in Chicago
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...

 which was and often still is referred to Sears Towers, even though the building was sold some time ago.

Sporting events such as the FIFA World Cup
FIFA World Cup
The FIFA World Cup, often simply the World Cup, is an international association football competition contested by the senior men's national teams of the members of Fédération Internationale de Football Association , the sport's global governing body...

 and the Olympic Games
Olympic Games
The Olympic Games is a major international event featuring summer and winter sports, in which thousands of athletes participate in a variety of competitions. The Olympic Games have come to be regarded as the world’s foremost sports competition where more than 200 nations participate...

 prohibit the use of corporate-sponsored name on stadiums, construing the practice as a form of ambush marketing
Ambush marketing
Ambush marketing can be defined as a marketing strategy wherein the advertisers associate themselves with, and therefore capitalize on, a particular event without paying any sponsorship fee. The Macmillan English Dictionary defines ambush marketing as a marketing strategy in which a competing...

. Any stadium that uses a corporate-purchased name must always be referred to in all event-related media (including live broadcasts) by a generic name (e.g. General Motors Place was referred to as "Canada Hockey Place" during the 2010 Winter Olympics
2010 Winter Olympics
The 2010 Winter Olympics, officially the XXI Olympic Winter Games or the 21st Winter Olympics, were a major international multi-sport event held from February 12–28, 2010, in Vancouver, British Columbia, Canada, with some events held in the suburbs of Richmond, West Vancouver and the University...

).

Nonprofit usage

A nonprofit organization has the option to recognize a major gift from a donor by bestowing naming rights to a property in recognition of the financial support. This is not a financial transaction in the style of the private sector.

See also


External links

  • List of American corporate-named sports venues on ESPN.com
    ESPN.com
    ESPN.com is the official website of ESPN and a division of ESPN Inc. Since launching in 1995 as ESPNet.SportsZone.com, the website has developed numerous sections including: Page 2, SportsNation, ESPN 3.com, ESPN Motion, My ESPN, ESPN Sports Travel, ESPN Video Games, ESPN Insider, ESPN.com's...

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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