Nissan to keep naming rights for Yokohama stadium for 650 mil. yen

Nissan Motor Co. will keep its naming rights for a stadium in Yokohama, near Tokyo, for a total of 650 million yen ($4.2 million) over five years from next March, the city said Monday.The two sides reached an agreement to renew the naming rights contract for what is currently known as Nissan Stadium on the same day. The struggling automaker initially proposed 50 million yen for one year, prompting the city to urge it to reconsider and make another proposal by the end of October.Under the new contract, Nissan will pay 50 million yen in the first year and around 100 million to 200 million yen…READ FULL ARTICLE