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Wednesday, May 22
 
Titans take their case to bankruptcy court

Associated Press

NASHVILLE, Tenn. -- The Tennessee Titans want a bankruptcy judge to force Adelphia Business Solutions Inc. to either live up to the deal that put the company's name on the team's stadium or end the contract.

The Titans filed a motion Tuesday in New York asking U.S. Bankruptcy Judge Robert E. Gerber for help after Adelphia missed the first of four payments due this year on May 15.

Team officials hope for a quick decision.

``A timely resolution of our motion would give us an opportunity to secure other partners for naming rights for the coliseum for the upcoming season,'' executive vice president and general counsel Steve Underwood said in a statement.

Adelphia signed a 15-year naming rights deal worth $2 million a year in July 1999, a month before the $292 million stadium opened.

The Titans had been trying to work with Adelphia as the Pennsylvania-based company filed for Chapter 11 bankruptcy protection on March 27. The company had been spun off from Adelphia Communications Corp. two months earlier.

Adelphia was supposed to pay the Titans $500,000 on May 15.

Under the contract, Adelphia provides telephone and communications equipment at the stadium and the Titans' headquarters.

But the motion says the company also receives other benefits including a luxury suite at the stadium, ``a significant number'' of tickets to both home and away games, advertising privileges and the corporate name on signs, staff uniforms, stadium merchandise and even the trash cans.

The Titans also ask in the motion to be reimbursed for losses from the missed payment and attorneys' fees.

If the judge doesn't act quickly, the Titans also ask for relief in the motion. They do not want to provide the tickets, radio advertisements and other benefits required if Adelphia does not pay up.

Bankruptcies have affected the names of two sports stadiums already this year.

In February, Gerber ended a naming rights agreement for PSINet Stadium, home of the NFL's Baltimore Ravens. The Houston Astros also dropped the name ``Enron Field'' from their ballpark and bought back the naming rights from the bankrupt energy giant.






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