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This article is interesting but I picked up on several errors. For example: In case you were wondering how Q2 Holdings ($3B market cap) could possibly pay $260
by smohnot 4y ago
This article is interesting but I picked up on several errors.
For example: In case you were wondering how Q2 Holdings ($3B market cap) could possibly pay $260M to name a Texas soccer stadium... they can't and didn't. That number is the amount it cost to build the entire stadium. Q2 said the deal cost less than 1% of its annual revenue... Their annual revenues are <$500M.
https://twitter.com/SportsPro/status/1354033011302477826?s=20&t=4f-LNNCq3C34sYoZiNiiIA https://twitter.com/SportsPro/status/1354033011302477826?s=2...
An interesting naming right to consider is Overstock.com... in 2011, they bought the rights to the Oakland–Alameda County Coliseum, where both the Raiders and Athletics played... for a 6 year total of $7.2M. It was always a head-scratcher for me how that went so cheaply.
(https://en.wikipedia.org/wiki/Oakland_Coliseum https://en.wikipedia.org/wiki/Oakland_Coliseum)