Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Wednesday, September 8, 2010

Dublin's new stadium has two names

Last night the Irish soccer team played its first game at the new stadium built for soccer and rugby. The new stadium is called the Aviva Stadium because the naming rights were bought by the Aviva insurance company.

I know this is not new to any of you sports fans in America as most of the new sporting arenas have made similar deals. My own Mets traded Shea Stadium – named for Irish-American Bill Shea whose hard-ball tactics with Major League Baseball brought the Mets to life - for the stomach-churning Citi Field - named for one of the bail-outest of banks.

What makes the Aviva deal interesting is that it will not officially be the Aviva Stadium always. No, the money-grubbing Football Association of Ireland (the Irish soccer authorities) have done a deal with the Union of European Football Associations (UEFA) to bring the Europa League final to Dublin next May. The game will be played in the FAI's new stadium, but the stadium will be called the Dublin Arena for that one game.

When I first heard this I thought, "Great! Someone with integrity and clout calling a halt to this 'naming rights' nonsense. Now to America with the same campaign."

Only that's not what's going on here. No, what you have is the bigger money-grubbing body telling the smaller money-grubbers, "Yes, we will deign to bring our (second-rate) European soccer final to your city, but we will not be caught dead in anything called Aviva. Why, they're not even one of our official sponsors."

And that's what happened. UEFA forced the FAI to change the name of the stadium for that one game because Aviva is not one of UEFA's official sponsors. Where's my gun?

It would be like the Olymipcs or World Cup going to America and forcing the money-grubbing Mets to change the name on their new baseball stadium to suit the Olympics or FIFA's sponsorship deals. {I'm sure the Mets would do it so long as the money-grubbing Mets and money-grubbing Citibank were monetarily satisfied.}

Oh, and although this name change is only for one game, it's a permanent change on UEFA's web site where the name is now and ever shall be the Dublin Arena. So two official names for the new stadium.

Thankfully the rail authorities have refused to play ball as the DART stop for the new stadium still has only the old Lansdowne Road. Their own attempts at money-grubbing apparently thwarted.

Tuesday, March 2, 2010

Credit card choice is important for your Irish vacation

Back in May I advised any prospective visitors to Ireland that they should use their debit and credit cards rather than come with the traditional traveler's checks. That advice still stands, but it may have to be revised if the fears of NY Times columnist Ron Lieber are realized.

Lieber says that bank charges on foreign credit card transactions could rise following a change in American law that has restricted credit cards from charging/raising other fees. Lieber says that 2009 Credit Card Act, which only came into effect last month, stops banks from charging a fee when customers exceed their credit limit. The new law also restricts any application or annual fees the banks levy on customers with "poor credit histories."

One area untouched by the new rules is foreign currency exchanges. Currently these charges can be as high as 3% on top of every foreign purchase, but, Lieber says, there is no reason that banks couldn't raise those charges even further.

Lieber recommends (as do I) that customers should shop around for a credit card before they travel. Some big banks - Capital One, for example - and many smaller banks and credit unions are only adding the 1% Visa/MasterCard charge on foreign purchases.

I don't know if or how this new law might affect debit/bank card withdrawals. Depending on how much money you need and what your bank charges for ATM withdrawals that is probably still the best way to change your money in Ireland. Irish banks don't charge people with American bank cards for using their ATMs.

Of course, there's one more consideration before you choose that credit card for your trip to Ireland. If you're planning to rent a car, you should look for a card that covers the insurance on your rental car.

That's easier said than done because very few cards will cover renting a car in Ireland. However, the cost of the insurance can be astronomical - around $20-25 per day - which makes spending a bit of time researching worthwhile if you can find a card that allows you to waive the rental company's CDW.

So, shop around. Get a good card for your car rental. Get a good card for all your other foreign currency transactions. Use your debit card. There is no good reason to make your Irish vacation more expensive than it has to be.