Faraday Future - Failure Museum

Faraday Future

In 2021, Faraday Future went public on the NYSE via a SPAC valuing the company at $3.4B. The company has raised nearly $3B in equity and debt since its founding in 2016. As of the start of 2024, the company is at the risk of being delisted as the ...

Kelly-Moore Paints - Failure Museum

Kelly-Moore Paints

In 2024, after 78 years in business, Kelly-Moore Paints shut down and closed its 157 stores nationwide. For over 30 years, the company had been grappling with thousands of asbestos litigation claims related to the company’s past use of asbestos i ...

Sports Authority Field - Failure Museum

Sports Authority Field

Sports Authority signed a 25 year, $6 million per year naming rights deal with the Denver Broncos in 2011. The deal was forfeited when Sports Authority shut down in 2016. The current stadium name is Empower Field at Mile High. Sports Authority ...

Racine Legion - Failure Museum

Racine Legion

From 1922-1924, the Racine Legion was an NFL team in Racine, Wisconsin. Despite performing well, the team failed because of finances due to small home crowds. In it's inaugural season the team finished in 6th place in a league of 18 teams.

Avaya Stadium - Failure Museum

Avaya Stadium

In 2014, Avaya signed a $20 million, 10-year deal for naming rights for the home of the San Jose Earthquakes. Once it filed for bankruptcy in 2017 it was renamed PayPal Park. In 2023, Avaya, the one-time networking and unified communications ind ...

PSINet Stadium - Failure Museum

PSINet Stadium

In 1999, PSINet signed a naming rights agreement for the home of the Baltimore Ravens until it filed for bankruptcy in 2002. It's now called M&T Bank Stadium. PSINet, a telecommunications company, struggled with its debt load, an unfocused b ...

CMGI Field - Failure Museum

CMGI Field

In 2000, CMGI signed a 15 year, $114 million deal for the naming rights for the New England Patriots' stadium. CMGI, whose vastly depreciated Internet holdings made it a poster child for the failed dot.com era, transitioned it's naming rights to ...

Enron Field - Failure Museum

Enron Field

In 1999, Enron paid $100 million over 30 years to name the Houston Astros ballpark. After the Enron scandal of 2001, the Astros and the bankrupt Enron came to an agreement to end the deal and rename the stadium in February 2002, which is now called ...

Trans World Dome - Failure Museum

Trans World Dome

Trans World Dome, which hosts concerts, major conventions, and sporting events in St Louis, ended the naming rights in 2001 when TWA was acquired by American Airlines, who already had its name on two NBA/NHL venues in Dallas and Miami. The arena, w ...

Chesapeake Energy Arena - Failure Museum

Chesapeake Energy Arena

In 2021, Chesapeake Energy terminated its 12 year arena naming rights agreement with the Oklahoma Thunder two years early leading to the new name of Paycom Center. In 2020, the company filed for bankruptcy protection with $7 billion in debt.