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Originally Posted by jorgelito
Well, Houston terminated the name rights of Enron and didn't give any money back I think.
I'm sure some accountant could figure out the pro-rat for 'services rendered'. Maybe after 7 years, they'll get nothing. I think the Daughters of the Confederacy got a bargain anyway.
Or maybe they could turn it into a sorority house. Preferably one that honors the mission statement or is closer to the Daughters of the Confederacy, like the Southern Belles (I'm not sure if this is a real org or sorority but hopefully you get the idea). That way, they could preserve the name, it would still be choice (choose to live there) and they could swap with a existing sorority house or build a new dorm.
I think that would be a good compromise, everyone saves face and no one's rights gets trampled on..
On a side note: Would anyone be offended if someone endowed a dorm and named it "Yankee Pride"? We need to be a bit careful when it comes to policing this type of thing. (at least I think so).
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Perhaps, but it bears noting that this isn't a case of anyone filing suit against Vanderbilt to get the name change or a law or court saying they had to change it. This is simply a case of the University deciding that it was no longer in their best interest to retain the name, and whether or not they had the right to make the change or what could be done about it.
The Stadium deals are a little different. For one, they are not considered gifts, donations, or otherwise in the least. They are paid advertising, and the deals are written with all of the appropriate legalese to cover these kinds of situations, something obviously lacking in the contract this article covers. In the case of Houston, reclaiming the naming rights was a mutually agreed path, and while I'm sure the team and stadium were no longer eager to be associated with Enron, the biggest reason is that Enron obviously was no longer able to maintain the payments on the rights. All of it was covered in the contracts, and so there wasn't really any issue to it, they just went ahead and did it.
Josh