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AIG needs another bailout – Manchester United need another sponsor

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AIG recently posted a third-quarter of $24.5 billion, prompting the US government to rework the terms of it’s aid to the insurance giant in order to a) extend more money to AIG (another $40 billion, after $123 billion had already gone into buying up AIG equity and b) significantly reduce repayment terms to help stabilise the company and allow it to recover fully (as opposed to collapsing under the current crisis or under the weight of the government handouts).

For Manchester United, the message is clear – if there was any hope that AIG would recover in time to renew their deal as sponsors of the Manchester United shirt, they are now shot. David Gill was recently quoted as saying that United would have no trouble in finding a replacement if the need arose – it’s time for the Manchester United chairman to put that to the test and ensure that a shirt sponsor paying as much (and if possible more) than AIG’s 14m / year deal is brought in before the agreement with AIG ends, or worse, before AIG says they can’t pay their next year’s installment.

[Source: Forbes]

Comments (6)

  1. Big deal………to be honest, vodafone looked better………….

  2. Hi SC i really would like to know the top 10 or 20 English clubs which had the least number of shirt sponsors in the last 20 yrs. any writers in SC interested in writing an article? It would really be fun reading about this fact..Liverpool should be there among the top with Carlsberg. How about the others? And also the top 10 or 20 English clubs that have the most number of sponsors in the past 2 decades? Please writers.

  3. you mean ‘SL’…

    yea, that sounds like a good topic, I’ll see what can be done.

  4. @iqnadir – damn right. Didn’t pay as much though…

  5. yup. sorry for the error SL
    Anyway thanks and it would really be a fun read thanks AB :=D

  6. its says that india’s SAHARA is very interested in the manu sponsorship thing