AIG struggle will not affect ManU

09-17-2008 |

Panama Star MANCHESTER. Manchester United are set to emerge unscathed even if shirt sponsors AIG (American International Group) follows Lehman Brothers in going bust. United have two years left on a club record four-year deal with the insurance giants worth 100. 57 million dollars. However, on Monday AIG shares plummeted 61 percent to 4. 76 dollars. United, one of the world's best-known football clubs, are the current English and European champions and, despite current worldwide financial problems caused by the 'credit crunch', at least one observer believes they remain an attractive proposition for potential backers. “Shirt sponsorship values appear to be holding their own well in the Premier League and also in Germany,” said Simon Chadwick, professor of sports business strategy at Coventry University.

AFP