Talen Energy released a statement today stating that it has entered into a definitive merger agreement with affiliates of Riverstone Holdings LLC, a private investment firm. The cost of the transaction is estimated to be $5.2 billion, as Riverstone paid $14 per share to the stockholders. This is a big buy for Riverstone, as Talen Energy has natural gas, oil, nuclear, and coal power generating facilities in Pennsylvania, New Jersey, New York, Massachusetts, Maryland, Montana, Texas, and Arizona. This buyout should generate more revenue for Riverstone along with the rights to the venue currently known as Talen Energy Stadium.
This means that Talen Energy Stadium will most likely undergo another name change. This would potentially be the third name change in three years for the stadium , which would most likely only add to the confusion as many Philadelphia Union fans still refer to the venue as PPL Park and are finding it difficult to call it Talen Energy Stadium.
If the pattern of companies naming the venue after itself continues, the name change could be to Riverstone Stadium, Riverstone Park, Riverstone Field - all of which seem less unwieldy than its current moniker. Writers here at the Brotherly Game are already resurrecting names that we would like to see the stadium changed to, with "The Commodore" being an early favorite. There has been no word on if the change will occur or what the name change would be to should it happen.
We're still open to suggestions as to what the name should be - take our poll and let us know what you'd like to see it called in the comments section below!