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After
two decades at Foxboro Stadium, Gillette
Stadium is a major upgrade from the Patriots
former home. In the mid to late 1990’s,
Patriots owner Robert Kraft proposed the
idea for a new stadium. The Patriots needed
a new stadium because Foxboro Stadium had
fewer amenities and seats than newer stadiums
had. After several bonds were not passed,
Kraft decided to use his own money to build
the Patriots a new stadium. Construction
on the Patriots new stadium began in early
2000. Like many other NFL teams, the Patriots
sold the naming rights to the stadium. Originally,
CMGI Investments purchased the naming rights.
However, in August 2002, the Gillette Company
bought the naming rights to the stadium
after CMGI Investments underwent financial
failures.
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