Will AIG Be The Second EPL Sponsor In A Month To Bail On Its Team?

As the financial world collapsed yesterday, we were reading furiously about what’s going to happen to the $1,285.21 in our 401(K). And the fact the insurer AIG was among the top names bandied about needing a lifevest from the Federal Government didn’t escape our tiny brains. That’s because every time we see a picture of Cristiano Ronaldo, Carlos Tevez and now Dimitar Berbatov, there’s a big ass AIG logo on their chest. And considering West Ham’s sponsor XL has now stopped being so because they are now broke, it left us wondering if once the Fed is done lending money to AIG, they’re going to start slashing the insurance company’s costs. Hopefully that’ll be the first to go and not a few thousand jobs in the Midwest.

Insurer American International Group Inc has made an unprecedented approach to the Federal Reserve seeking £22billion in short-term financing, the New York Times reported overnight. Manchester United’s four-year £56.5million agreement with AIG is the biggest shirt sponsorship deal in English football.

That translates into about $115 million, or by the time everything goes down, about enough to rent Cristiano Ronaldo for one year.
Now Manchester United’s £56m shirt sponsor is on the verge of going bust [Daily Mail]
Image [Daily Mail]