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Discussion Starter #1
AIG is about to collapse.

So what are United doing about it? If anything.
 

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They will get bailed out by the US government like Northern Rock was in the UK.
 

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Discussion Starter #3
Does that mean United will be sponsored by the US govt?
 

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Doesn't really affect Utd, we'll have just as good sponsors or even better. Being the holders of the CL and EPL title, our star is shining bright. Their will be no shortage of takers.
 

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Discussion Starter #6
The rivalry with City would take on a whole new aspect.
 

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So whats your sponsorship agreement with AIG ? Any possibilities of AIG canceling the deal from their end of the agreement ?

Anyways really doesnt matter for you guys. If this one drops out, theres plenty of suitors for you.
 

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I don't think anything will change now that the US Government has taken control.
 

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They will sell off assets and get rid of stuff, anything, that can raise cash for them. Remember the US gov't gave them a 75 billion dollar revolving loan that has to repaid within 24 months and has interest of 8.5% plus LIBOR. That means they are screwed. Clock is ticking for them to find some cash and find it quick....

In other words if there is an opt out clause in your contract whereby AIG can save money, any money at all, they will most likely trigger it.
 

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They will sell off assets and get rid of stuff, anything, that can raise cash for them. Remember the US gov't gave them a 75 billion dollar revolving loan that has to repaid within 24 months and has interest of 8.5% plus LIBOR. That means they are screwed. Clock is ticking for them to find some cash and find it quick....

In other words if there is an opt out clause in your contract whereby AIG can save money, any money at all, they will most likely trigger it.
Unless the company goes under or is subject to massive restructuring, i doubt this will affect Utd at all. The deal has been profitable for both sides and the contract is still binding. While AIG could still bail out, it wouldn't be very prudent. For one, they're a massive, global company. Not fulfilling their contracts no matter how bad they're financially sends out a very bad message to people they're doing business with, and international clients. Seeing as the whole reason they signed up to sponsor Utd was to increase their global exposure, it would massively defeat the purpose if they broke the terms of the contract.
 

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Coelho I think when they're going bust, United's won't be the only contract they fail to honour, watch millions of people lose savings/insurance schemes through this. By now their image will already be tainted. But let's face it, there's hardly going to be nobody in the queue to sponsor one of the biggest sports brands in the world.
 

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I think the firm will be a subject for massive restructuring or at least i read somewhere sth along the lines will happen. So you´ll probably get a new sponsor sometime in the nearer future. Maybe is a good thing for you guys, being in a better position when you signed the AIG deal.
 

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Maybe you gan get a Lehmans or bear stearns sponsorship...

world economy of a verge of collapse :doh:
 
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