ProFund Advisors Nears Deal for Stadium Naming Rights

ProFund Advisors, which oversees the ProFunds family of mutual funds, is close to a deal for the naming rights to the stadium that houses Major League Baseball's Washington Nationals, The Baltimore Sun reports

ProFund, a Bethseda, Md.-based investment firm that employs high-risk mutual fund strategies for sophisticated investors, is currently in talks with the D.C. Sports & Entertainment Commission for the rights to put its moniker on the team's temporary ballpark, Robert F. Kennedy Memorial Stadium, at least until its new stadium opens in 2008. At that point, the Nationals would choose a name

While the it was not disclosed how much ProFund would pay, Commission spokesman Tony Robinson told the Sun, "A final agreement is fairly imminent, but we can't say for sure until the ink is dry."

ProFund became the only contender for the naming rights at RFK when a potential deal with the National Guard fell through after Sen. John Werner, a Republican from Virginia, questioned whether it would be an appropriate use of taxpayer money when the nation is at war.

ProFund also may soon adopt the Nationals mascot, an eagle, to replace the bull and bear that make up its current logo, the report said.