Question RE: Jersey Mike's Arena name.. re: Private Equity purchase of Jersey Mikes

[GoodOl'Rutgers]

So, Private Equity firm buys Jersey Mikes for $18B. The standard move for PE is to start charging management fees and overload exec positions and boards with highly compensated people while reducing expenses and wringing out every dollar of value from the enterprise.

What happens with the naming rights deal?

I would think the founder/owner made the deal partly because he is from Monmouth County. Anyone hear anything about this deal going forward?

 

[RRRRUUUU]

I remember that they can get out of it in a few years if Rutgers does not renovate or something like that. I’m not sure they would as I think they’re only paying like $1mm a year? Seems like a great deal