Company once tied to Nazis may name NY stadium
September 12th, 2008
NEWARK, N.J. – The New York Giants and New York Jets are considering awarding naming rights for their new stadium to a German company that once had ties to the Nazis.
Officials from German-based Allianz — one of the world’s largest insurance firms — said that they’ve atoned for past history and should not be judged by the company’s World War II record.
Allianz once insured Nazi death camps and refused to pay life insurance claims to its Jewish clients — instead granting the proceeds to the Nazis.
The naming rights negotiations between Allianz and the Giants and Jets were first reported by The New York Times, which estimates the potential price tag could reach $20 million to $30 million a year.
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