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SF Giants win court approval to remove Enron’s ‘E’
NEW YORK — The San Francisco Giants can remove a scoreboard sign featuring Enron Corp.’s tilted “E” logo from Pacific Bell Park, a federal bankruptcy judge ruled Thursday.
Under the ruling, Enron has until Dec. 2 to find another company to sponsor the sign. The Giants can also look for a new sponsor for the center-field scoreboard sign for next season.
The team is “experiencing negative reactions from their fans and the media due to the continued presence” of the 17-foot-by-33-foot “E” sign, the Giants said in a court filing in U.S. Bankruptcy Court for the Southern District of New York.
Financial terms of the 1998 sponsorship deal weren’t disclosed. But the Giants said Enron hasn’t made any payments due this year.
In February, the Houston Astros baseball team paid $2.1 million to buy back the naming rights for its home stadium, then called Enron Field, from the fallen energy trader. Coca-Cola Co. agreed in June to spend more than $100 million over 28 years to rename the stadium Minute Maid Park.
