Timbers Keep Naming-Rights Financials Under Wraps In Providence Park Deal
The financial terms of the deal between Providence Health and the MLS Timbers for their 15-year stadium naming-rights agreement "will be redacted" when the club submits the deal to the city, according to Allan Brettman of the Portland OREGONIAN. Timbers COO Mike Golub said that it is "important for the privately held Timbers to keep sponsors’ payments confidential, even though the team operates in a publicly owned" venue. He added that the operating agreement between the city and the team "does not require the team to reveal the amounts of its sponsorship agreements." Golub: "It’s our collective wish it remain a private piece of information. It would inhibit our ability to do business if this was publicly known. I think it behooves private business of any type for private information to remain private" (OREGONLIVE.com, 2/12). Brettmanreported the Timbers also are "looking for a naming rights partner for the plaza at 20th Avenue and Morrison Street." The team's agreement with the city also specifically says that the team "can sell naming rights to the press box" (Portland OREGONIAN, 2/12).