Mercedes Benz buys naming rights for Superdome
The deal will allow Mercedes-Benz USA to have its name associated with championships in college and pro football and men’s college basketball over the next 16 months — plus an NFL team that has gone from a doormat to Super Bowl winner. The stadium also hosted a Republican presidential convention and a visit from the pope, and once served as refuge for thousands of miserable victims of Hurricane Katrina.
The team holds authority to sell naming rights to the 73,000-seat, state-owned stadium through their lease, which runs through 2025.
A price for the 10-year naming-rights deal was not disclosed. Gov. Bobby Jindal said the agreement was between the Saints and Mercedes-Benz — and the automaker had asked not to have the price released to the public.
Mercedes-Benz also owns naming rights to arenas in Shanghai and in Stuttgart, Germany. The Superdome is the company’s first such venture in the United States.
Andrew Zimbalist, a Smith College professor who studies sports economics, said the economy has made the sale of naming rights difficult lately.
“It’s been a very difficult time to sell naming rights,” Zimbalist said.