Giants and Jets End Talks With Allianz

New York, NY —

The New York Giants and Jets have canceled negotiations on stadium naming rights with a German insurance company that once had ties to the Nazis. Allianz had been seeking a deal to put its name on the stadium being built by both teams in the Meadowlands. The deal could have been worth an estimated $30 million a year. Allianz once insured Nazi death camps and refused to pay life insurance claims to its Jewish clients, instead granting the proceeds to the party.

The proposed deal was criticized by Jewish organizations, Holocaust survivors and football fans who said seeing the company's name emblazoned on the stadium would be a constant reminder of the company's ties to the Holocaust. Allianz officials argued that the company has atoned for its former support of the National Socialist regime by supporting reparations programs and working to become a responsible company and good corporate citizen.