Tuesday, September 16, 2008

Manchester United hit by credit crunch?


Manchester United are set to be bitten by the credit crunch with sponsors AIG facing a crisis.

US insurance giants AIG are hoping for a £20billion hand-out from America’s Federal Reserve to keep their business on track.

The New York-based firm are in the third year of a four-year £56.5million shirt sponsorship deal with the Old Trafford giants.

But despite AIG being plunged deep into the turmoil on Wall Street, United are confident they will complete the richest-ever sponsorship deal. 

However, it looks like United will have to look for a new shirt sponsor when the deal expires.

Source

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