Manchester United on brink of losing sponsorship deal AIG
Manchester United are on the brink of losing their lucrative shirt sponsorship deal with AIG as the American insurance giants look to cut costs.
The English and European champions are still owed half of the money on the £56million agreement they sealed with AIG two years ago.
After being rescued from meltdown by a £43billion loan from the American government last month, AIG have now embarked on a massive moneysaving exercise.
That is likely to spell bad news for United – and fans who have bought replica kits with the AIG logo.
There will be no shortage of companies queuing up to replace AIG on the famous red shirt.
But the end of the deal would still be a blow for Malcolm Glazer (left) and his family as they bid to secure refinancing on the £700m they took out to buy the club.
A new sponsorship deal would take time to secure and is unlikely to be as lucrative as the AIG agreement.
Manchester United teams up with beer giant Budweiser
By Mirror Business 7/10/2008
Manchester United is toasting a new sponsorship deal with US brewing giant Budweiser.
The contract for the 2009/2010 season will come as a relief to United’s moneymen as the future of its deal with insurance giant AIG has been thrown into doubt by the recent meltdown on financial markets.
Budweiser’s Tony Ponturo said it was a great tie-up – “teaming the world’s favourite beer with the most-watched sports team”.