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Haier Signs On At Barclays

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Haier, the Chinese appliance maker, has been signed as Barclays Center's ninth founding partner at an annual $2 million fee. It will build a store inside the arena and supply all appliances for Barclays Center suites. As apartment towers rise, Haier will also get a chance to bid on that contract. "The closing helps us with the fence-sitters who wanted to wait until we closed on the arena deal," said Brett Yormark.