27 February 2009
Nothing seems to amaze me when Sports and Wall Street come together.
Daniel Snyder, owner of the Washington Redskins, just paid over $150 million for two (That’s right 2) players. Remember, his previous overpayment for free agents did not work out so well (Deion Sanders, Jeff George, Bruce Smith, and Mark Carrier).
Now Citigroup (Symbol: C), trading under $2/share, while being OWNED BY THE US government, loosing an average $10 billion/quarter, still wants to continue it sponsorship of the New York Mets stadium, Citi field. $40 million annually for 80 baseball games. Wow, no wonder Wall Street is in such good shape. 80 games of baseball should definitely add to their bottom line!!!!!!