Manchester United sponsor AIG sends execs to spa
October 8, 2008 by Marc McDermott
Filed under Our Manchester United Soccer Blog
Manchester United principle club sponsor, AIG, is under massive amounts of scrutiny in the United States and around the world.
According to reports, AIG executives treated themselves to a week-long stay at a southern Californian resort. What was the bill after the spa treatments, rounds of golf, and oceanfront hotel suites? Only a mere $440,000 USD.
Is AIG kidding me? They claim this is standard procedure to give back to their money-making executives. Money making executives? You mean the same ones that drove the company to the brink of bankruptcy, and prompted worldwide market crashes?
How could AIG not see this coming? What genius would go ahead with this week long trip just days after the United States Government $85 billion USD bailout, acquiring majority stake in the company!
I then am forced to read articles about how Manchester United will significantly be affected by all of this. Rubbish. The £14 million GBP per year to sponsor one of the largest clubs in the world should be looked at as a bargain (although I understand it is the most expensive club sponsorship in the world), especially considering the disgusting amounts of golden parachutes AIG executives have been receiving.
What is the world coming to really?
