"Invesco Field at Mile High" for one more year - The Orange Mane

bronco militia · 08-02-2005, 07:00 AM

Invesco Field at Mile High apparently will keep its name for at least another year.

London money management giant Amvescap Plc made a $2.39 million naming rights payment on schedule Monday, said Matt Sugar, a former spokesman for the Metropolitan Football Stadium District........

http://www.denverpost.com/business/ci_2906575

Meck77 · 08-02-2005, 07:12 AM

So Invesco no longer exists but their stadium naming rights live on? Why even bother to drop the $2.39 Million?

No wonder the company is jacked up. They obviously don't manage their money very well.

Tombstone RJ · 08-02-2005, 07:33 AM

Probably because Bowlen can sue them if they pull out now. A contract is a contract and Invesco is a subsidiary of a larger company. This allows Bowlen time to find another company to assume the naming rights.

bronco militia · 08-02-2005, 07:46 AM

Quote:

Originally Posted by Tombstone RJ

Probably because Bowlen can sue them if they pull out now. A contract is a contract and Invesco is a subsidiary of a larger company. This allows Bowlen time to find another company to assume the naming rights.

that's what I figured, but didn't Invesco file chapter 11?

Mediator12 · 08-02-2005, 07:51 AM

IMHO, it should be called "Pathetic Mutual Funds paying for recognition @ Mile High" until further notice

bro1ncos · 08-02-2005, 08:18 AM

Buying naming rights to a stadium seems to be the "kiss of death" to a company.

Jason in LA · 08-02-2005, 08:51 AM

Lets all chip in our money and name it Orange Mane Field at Mile High. This board would get a ton of hits, and make a boat load of money off of advertisments. We could all be rich. Man, this idea is solid gold. I'll get on the phone and set this up.

Garcia Bronco · 08-02-2005, 09:02 AM

I think the stadium in Miami is still called Pro Player Stadium....and they went out of business years ago. Regardless if it's still called that....it was call Pro Player for years afterward.

Tredici · 08-02-2005, 09:08 AM

Doesn't matter. Then someone else would step in trying to appease their corporate ego. Which is all it boils down to. Stupidity.

Be like the ball park in Houston. It went from the infamous Enron Field to the ridiculous Minute Maid Park (with horrible references to "squeeze plays").

Why don't they just name them singularly - Greedy Bastid Field - Denver. Greedy Bastid Field - Miami. Greedy Bastid Field - Philadelphia. And so on...

Tombstone RJ · 08-02-2005, 09:15 AM

Quote:

Originally Posted by bronco militia

that's what I figured, but didn't Invesco file chapter 11?

I don't know what they filed. I think Chapter 11 is total liquidation of all assets and the company itself is dissolved.

However, being that is/was owned by a parent company, that company should assume all debts, along with the assets.

Beantown Bronco · 08-02-2005, 09:17 AM

.....and I thought the $500-$1,000 my alma mater is charging to have a plaque with one's name on it placed on one of the seats in the new football stadium was steep!

Taco John · 08-02-2005, 09:24 AM

Quote:

Originally Posted by Jason in LA

Lets all chip in our money and name it Orange Mane Field at Mile High. This board would get a ton of hits, and make a boat load of money off of advertisments. We could all be rich. Man, this idea is solid gold. I'll get on the phone and set this up.

That idea made me pass out in a state of giddy... How awesome would *THAT* be?!

bronco militia · 08-02-2005, 09:44 AM

Quote:

Originally Posted by Tombstone RJ

I don't know what they filed. I think Chapter 11 is total liquidation of all assets and the company itself is dissolved.

However, being that is/was owned by a parent company, that company should assume all debts, along with the assets.

my point was that if they filed for any kind of bankruptcy, they would be legally protected from their creditors (Pat Bowlen, Taxpayers)

Billy Clyde Puckett · 08-02-2005, 09:45 AM

Quote:

Originally Posted by bronco militia

that's what I figured, but didn't Invesco file chapter 11?

No they were simply purchased by AIM funds which is owned by the company mentioned in the first post.

Garcia Bronco · 08-02-2005, 09:46 AM

Quote:

Originally Posted by Taco John

That idea made me pass out in a state of giddy... How awesome would *THAT* be?!

Dibs on a sky box spot.

bronco militia · 08-02-2005, 09:47 AM

Quote:

Originally Posted by Big Guy

No they were simply purchased by AIM funds which is owned by the company mentioned in the first post.

thanks...then it was probably "cheaper" to pay the Stadium District.

Tombstone RJ · 08-02-2005, 09:52 AM

Quote:

Originally Posted by bronco militia

my point was that if they filed for any kind of bankruptcy, they would be legally protected from their creditors (Pat Bowlen, Taxpayers)

You are correct, but I think they are still responsible for paying their creditors, and I think the courts determine who gets paid what, so it may be the courts who said something along the lines of "...since the name Invesco Field is on the Denver Bronco's stadium, the company is obligated to pay the Bronco's for those rights, until the Broncos find another source to assume the name...." something along those lines.

Who knows?

Meck77 · 08-02-2005, 10:24 AM

Quote:

Originally Posted by Taco John

That idea made me pass out in a state of giddy... How awesome would *THAT* be?!

Taco when you buy the name to the stadium can you move our tailgating spot up a few spots?

ak1971 · 08-02-2005, 11:14 AM

Heres to renaming it Orangemane Field

08-02-2005, 07:00 AM	#1
bronco militia Ring of Famer THE GREATEST Join Date: Apr 2001 Location: colorado springs, co Posts: 22,584	"Invesco Field at Mile High" for one more year Invesco Field at Mile High apparently will keep its name for at least another year. London money management giant Amvescap Plc made a $2.39 million naming rights payment on schedule Monday, said Matt Sugar, a former spokesman for the Metropolitan Football Stadium District........ http://www.denverpost.com/business/ci_2906575

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08-02-2005, 07:12 AM	#2
Meck77 Ring of Famer Join Date: Sep 2002 Posts: 16,310	So Invesco no longer exists but their stadium naming rights live on? Why even bother to drop the $2.39 Million? No wonder the company is jacked up. They obviously don't manage their money very well.

08-02-2005, 07:33 AM	#3
Tombstone RJ Ring of Famer Old School Join Date: Sep 2002 Location: In the Tetons! Posts: 19,281 Adopt-a-Bronco: WorrellWilliams	Probably because Bowlen can sue them if they pull out now. A contract is a contract and Invesco is a subsidiary of a larger company. This allows Bowlen time to find another company to assume the naming rights.

08-02-2005, 07:51 AM	#5
Mediator12 OM analyst REAL Front Seven Bandwagon !!! Join Date: Sep 2003 Location: INDY Posts: 9,701 Adopt-a-Bronco: Malik Jackson	IMHO, it should be called "Pathetic Mutual Funds paying for recognition @ Mile High" until further notice

08-02-2005, 08:18 AM	#6
bro1ncos Seasoned Veteran Bronco Fan 4 Life Join Date: Jul 2003 Posts: 333	Buying naming rights to a stadium seems to be the "kiss of death" to a company.

08-02-2005, 08:51 AM	#7
Jason in LA Gimmie that rep fool! Speaking of Butts & Boob Mojo Join Date: Apr 2001 Location: LA Posts: 12,252	Lets all chip in our money and name it Orange Mane Field at Mile High. This board would get a ton of hits, and make a boat load of money off of advertisments. We could all be rich. Man, this idea is solid gold. I'll get on the phone and set this up.

08-02-2005, 09:02 AM	#8
Garcia Bronco Hokie since 1993 Join Date: Apr 2001 Location: Denver, CO Posts: 45,991 Adopt-a-Bronco: Tom Jackson	I think the stadium in Miami is still called Pro Player Stadium....and they went out of business years ago. Regardless if it's still called that....it was call Pro Player for years afterward.

08-02-2005, 09:08 AM	#9
Tredici Ring of Famer Join Date: Oct 2002 Posts: 10,010	Doesn't matter. Then someone else would step in trying to appease their corporate ego. Which is all it boils down to. Stupidity. Be like the ball park in Houston. It went from the infamous Enron Field to the ridiculous Minute Maid Park (with horrible references to "squeeze plays"). Why don't they just name them singularly - Greedy Bastid Field - Denver. Greedy Bastid Field - Miami. Greedy Bastid Field - Philadelphia. And so on...

08-02-2005, 09:17 AM	#11
Beantown Bronco Athletic Supporter Join Date: Mar 2004 Location: Mass Posts: 19,040 Adopt-a-Bronco: Matt Prater	.....and I thought the $500-$1,000 my alma mater is charging to have a plaque with one's name on it placed on one of the seats in the new football stadium was steep!

08-02-2005, 11:14 AM	#19
ak1971 uhhhh Join Date: Oct 2003 Posts: 5,536	Heres to renaming it Orangemane Field