In a talk to reporters today Houston Texans’ owner Bob McNair was asked about Reliant Energy, the Houston-based power company that is seeing some tough times. The company has naming rights worth about $10 million a year for the Texans’ home, Reliant Stadium, and the surrounding complex called Reliant Park.
Houston Texans owner Bob McNair answers questions about naming rights to Reliant Stadium after practice Wednesday, Oct. 8, 2008, at the Texans practice facility in Houston. (Nick de la Torre / HOUSTON CHRONICLE)
Chronicle sports writer Megan Manfull shared her notes from the interview with us.
“I am concerned about it because I have good friends at Reliant and they are a great partner,” McNair said about Reliant’s current problems. “I’d like to see them continue as a partner.”
“Right now, I want to see a good result for Reliant. And we’ll work with them in whatever structure they come out with going forward. They’ve been a great partner.”
McNair was asked about the possibility he would have to renegotiate the naming rights deal with Reliant:
“That’s just pure speculation. Anything could happen. The main thing is that they are a great company. They have been a great partner of ours. We’re going to support them in any way.”
He was also asked if Reliant kept him updated about its current woes:
“They’ve talked to us before they made their announcements. And they’ve been very conscious of their relationship with us.”
Reliant can use all the support it can get right now. Its stock price continues to drop this week following Monday’s news.
BTW, here’s a some-what related article on the performance of companies with NFL stadium naming rights.