Menu
21/01/2009
AIG End Man Utd Sponsorship Deal
American US insurer AIG has announced they will not be renewing its shirt sponsorship deal with Manchester United.
The troubled firm agreed to pay £14 million annually for four years for the team shirt sponsorship. It has decided not to renew the deal which expires in May 2010.
A longer £5m-a-year deal with MU Finance which began in 2008, was also signed. The six-and-a-half year deal offers insurance, credit cards and mortgages using the MU Finance brand.
AIG needed to be bailed out by the US Federal Reserve last year and is currently selling assets in an attempt to pay back some of the $150bn (£109bn) rescue package.
United spokesman Phil Townsend said: "In line with industry practice, Manchester United is exploring the possibility of a shirt sponsor for the new 2010/11 season.
"The club is in dialogue with a select number of top companies worldwide and has so far received sufficient interest to be confident it can improve on its current £19 million annual partnership with AIG."
The news comes a day after it was reported the English Premiership club had approached Indian company Sahara as a replacement for AIG.
(JM/BMcC)
The troubled firm agreed to pay £14 million annually for four years for the team shirt sponsorship. It has decided not to renew the deal which expires in May 2010.
A longer £5m-a-year deal with MU Finance which began in 2008, was also signed. The six-and-a-half year deal offers insurance, credit cards and mortgages using the MU Finance brand.
AIG needed to be bailed out by the US Federal Reserve last year and is currently selling assets in an attempt to pay back some of the $150bn (£109bn) rescue package.
United spokesman Phil Townsend said: "In line with industry practice, Manchester United is exploring the possibility of a shirt sponsor for the new 2010/11 season.
"The club is in dialogue with a select number of top companies worldwide and has so far received sufficient interest to be confident it can improve on its current £19 million annual partnership with AIG."
The news comes a day after it was reported the English Premiership club had approached Indian company Sahara as a replacement for AIG.
(JM/BMcC)
Related UK National News Stories
Click here for the latest headlines.
17 May 2012
GM Save Vauxhall Car Plant
General Motors will confirm this morning the survival of the Ellesmere Port car plant, which will become the new production home of it’s new Astra model. The move follows staff at the car company voting by 94% in favour of a new pay and conditions deal, clearing the way for investment in the Ellesmere Port plant.
GM Save Vauxhall Car Plant
General Motors will confirm this morning the survival of the Ellesmere Port car plant, which will become the new production home of it’s new Astra model. The move follows staff at the car company voting by 94% in favour of a new pay and conditions deal, clearing the way for investment in the Ellesmere Port plant.
21 May 2010
BA Strike Looms As Losses Take-Off
It's double-trouble for beleaguered British Airways (BA) today as cabin crew prepare for a 15-day strike next week - while it has announced a record pre-tax loss of £531m.
BA Strike Looms As Losses Take-Off
It's double-trouble for beleaguered British Airways (BA) today as cabin crew prepare for a 15-day strike next week - while it has announced a record pre-tax loss of £531m.
03 December 2007
More Questions Than Answers On Labour Party Donations
The Government is to have no respite from the growing chorus of questions on party funding activities. Opposition parties have continued to maintain pressure on the Labour party funding issue, demanding to be told who knew about donations to the party.
More Questions Than Answers On Labour Party Donations
The Government is to have no respite from the growing chorus of questions on party funding activities. Opposition parties have continued to maintain pressure on the Labour party funding issue, demanding to be told who knew about donations to the party.
24 November 2005
Vodafone pulls plug on Manchester United shirt deal
Vodafone has announced that they will end their sponsorship of football club Manchester United at the end of this season. The mobile phone firm has sponsored the Premier League club since 2000. The current deal, worth £36 million, was expected to run for four years. However, it was confirmed on Wednesday that the contract would now end in May 2006.
Vodafone pulls plug on Manchester United shirt deal
Vodafone has announced that they will end their sponsorship of football club Manchester United at the end of this season. The mobile phone firm has sponsored the Premier League club since 2000. The current deal, worth £36 million, was expected to run for four years. However, it was confirmed on Wednesday that the contract would now end in May 2006.
01 December 2003
Man Utd nets £36m deal with Vodafone
Manchester United have today agreed a £36 million sponsorship deal with Vodafone – the biggest ever brokered for a premiership club.
Man Utd nets £36m deal with Vodafone
Manchester United have today agreed a £36 million sponsorship deal with Vodafone – the biggest ever brokered for a premiership club.
-
Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
