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Dynamo and Greenstar Recycling agree to terminate shirt sponsorship deal 11-months early
Feb 01, 2013 9:09 PM GMT
It looks like the Houston Dynamo will be starting the 2013 season sans a shirt sponsor after the team announced that they've reached an agreement with Greenstar Recycling to end their team sponsorship 11 months early.
Greenstar was recently sold to another waste management company and requested that the remainder of their 3-year, $7.5 million dollar deal with the Dynamo be ended. The team agreed and the two sides worked out financial terms that were satisfactory for both the club and company.
The Dynamo originally signed the sponsorship deal with Greenstar in December 2010 and it was supposed to run through the end of 2013.
Greenstar CEO Marcello Figueira and Dynamo team president Chris Canetti both commented about the announcement in a press release from the team.
“The Houston Dynamo are a first-class organization that performs on the field, leads in the community and delivers for its corporate clients,” said Greenstar CEO Marcello Figueira. “Greenstar had an excellent and beneficial relationship with the Dynamo over the last two years.”
“We are sorry to see the relationship end, but happy to have found terms that are beneficial to both parties and cover the Dynamo’s financial position,” said Dynamo President Chris Canetti. “We had a successful partnership and I am happy that we played a key role in Greenstar’s growth and ultimate sale.”
As part of the termination Greenstar will receive no more sponsorship benefits from team and the company logo will be removed from all team gear and merchandise. The search is now on for the Dynamo as they look for a new jersey sponsor. According to the club there are already discussions underway with a few "global companies" to replace Greenstar as the team's shirt sponsor.
I'm voting for St. Arnold's Brewery...but I'm not optimistic.