On January 18, 2007, it was announced that the arena would be called Barclays Center, after London-based banking group Barclays.
It was reported that the banking and financial services company agreed to pay the team $400 million over the next 20 years for the naming rights of their Brooklyn home, eclipsing the previous record for naming rights to an American indoor arena, set by Royal Philips Electronics in 1999, for $185 million over 20 years for Philips Arena in Atlanta.
However, the rights were renegotiated by the end of 2009, and are somewhat more than $200 million.
Barclays does not have any retail banks in the US nor does it have its own ATMs in the arena.
On January 18, 2007, it was announced that the arena would be called Barclays Center, after London-based banking group Barclays. It was reported that the banking and financial services company agreed to pay the team $400 million over the next 20 years for the naming rights of their Brooklyn home, eclipsing the previous record for naming rights to an American indoor arena, set by Royal Philips Electronics in 1999, for $185 million over 20 years for Philips Arena in Atlanta. However, the rights were renegotiated by the end of 2009, and are somewhat more than $200 million. Barclays does not have any retail banks in the US nor does it have its own ATMs in the arena.
Barclays Center