Barclays’ Stadium Curse

Just months away from the opening of the Barclays Center in Brooklyn, N.Y., naming rights owner Barclays has fallen on some hard times.

The bank recently agreed to pay more than $450 million to settle charges it had tried to manipulate borrowing rates, a scandal that also led to the resignation of Barclays’ CEO.

Barclays agreed to pay $400 million in 2007 to place its moniker on the stadium for 20 years.

The bank isn’t the only company out there that’s fallen victim to what the New York Times dubbed the “stadium-naming curse.”

Other corporations that took a dive after inking naming rights deals included Enron, Adelphia, Trans World Airlines, Conseco, PSINet and American Airlines – with Kodak, Wachovia and Nokia other contenders.