BUSINESS
03/06/2009 05:12 am ET | Updated May 25, 2011

Citibank May Walk Out On Mets Stadium

Reuters) - Citigroup Inc is exploring the possibility of backing out of a nearly $400 million marketing deal with the New York Mets amid concerns over how lenders are using government bailout money, the Wall Street Journal said, citing people familiar with the matter.

Officials at Citigroup have made no final decision about whether to try to void the 20-year agreement, which includes naming the Mets' new baseball stadium after the bank, the people told the paper.

The Mets deal was attacked last week as an example of misplaced spending by financial institutions that needed bailout funds, according to the paper.

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