I don't know why I feel compelled to add my 2 cents worth. I suppose I am in the minority, but I don't consider those individuals offended by the Allianz naming rights issue as being a total joke or even as being pc for the sake of being pc (although i don't doubt there are people grandstanding or jumping on the pc bandwagon over this). I should qualify this post by stating that I admittedly am myopic and simplistic. I also am neither from NY nor a NY sports fan, so I have an outsider's perspective on this issue which may not be legitimate.
I agree that a company shouldn't necessarily be held responsible or hostage for acts it committed a generation ago. However, if the "Stringer" article is accurate, Allianz, today, hasn't done much to atone or compensate for its prior indiscretions. Although Allianz has made some restitution, according to the "Stringer" article, Allianz still owes beneficiaries of valid Holocuast era insurance policies some $2 billion (disputed); and, during restitution negotiations, Allianz was the "most grudging" participant. Moreover, according to the article, Allianz was one of only a handful of insurance firms that held up payments to World Trade Center developer Larry Silverstein after the 9/11 attacks, and then only settled under government pressure. SIlverstein, I believe, is Jewish.
New York, I believe, has the largest Jewish population in the world. Its population includes Holocaust survivors, children of Holocuast victims, and grandchildren of Holocuast victims. NY also suffered the highest loss of life and loss of property in the 9/11 attacks. Based on the foregoing, I think its quite easy to see why many New Yorkers do not want their stadium named after this company and do not want this company to profit from the prominent display of its name on the stadium. Frankly, I am surpirsed that Allianz was even considered for naming rights.