The Nashville Predators today said they have ended their affiliation with Franklin-based Sommet Group, which has held the naming rights to the club's downtown home for the past two years.
Here is the full statement from the franchise:
Nashville Hockey Club Limited Partnership today announced that it has terminated its naming rights agreement with Sommet Group of Tennessee f/k/a Sommet Group, LLC (“Sommet”), and has filed suit in the Chancery Court for Davidson County, Tennessee, against Sommet stemming from Sommet’s failure to fulfill its naming rights payment obligations under that agreement. This is the last year of a three year naming rights agreement that the two companies entered into in 2007.
“We have reluctantly terminated our relationship with Sommet Group,” Nashville Predators President of Business Operations, Ed Lang said. “For months, Sommet Group has not met its payment obligations under our naming rights agreement. We repeatedly reached out to Sommet Group and sought its compliance with these obligations. Unfortunately, Sommet Group did not do so, or give us any indication that it would. We regret that Sommet Group left us no alternative but to terminate the agreement and seek legal redress.”
Our intention is to present a proposal for a new name to the Sports Authority in the coming weeks.