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GM Invests $600 Million in English Soccer Team
Breitbart ^ | 7/30/12 | Mike Flynn

Posted on 07/30/2012 8:57:38 PM PDT by Nachum

Yes, General Motors really is giving $600 million to an English soccer club. Actually, as the team involved, Manchester United, is the most valuable team in sports, an investment in the club wouldn't be a bad idea, considering how everything else is going at General Motors. No, the $600 million GM is giving to Man United over the next 7 years is a sponsorship deal. In return, Man United will wear "Chevrolet" on their jerseys and GM will be able to call itself Man United's "global automobile partner." It will immediately have the edge with all those consumers who look to their favorite soccer club for car buying advice.

There is a very good reason government shouldn't bailout failing companies with buckets of taxpayer money. The money simply allows them to keep on making the disastrous decisions that got them to be a failing company in the first place. At least straight-up bankruptcy would have probably rooted out the kind of people who would think spending $60-70 million a year to have your logo on a soccer jersey was a swell idea.

(Excerpt) Read more at breitbart.com ...


TOPICS: News/Current Events
KEYWORDS: english; gm; soccer; team
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What the heck, it's only Obamadollars
1 posted on 07/30/2012 8:57:50 PM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 07/30/2012 8:59:05 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

don’t they still owe the taxpayers $40 Billion??


3 posted on 07/30/2012 9:01:16 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: GeronL

Last week was an article they still owed us $42 Billion.


4 posted on 07/30/2012 9:04:21 PM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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To: Nachum

Just Great...

My tax dollars at work....

The Mayans were right. We’re all doomed 12/21/2012

It just keeps getting weirder, day by day, hour by hour.


5 posted on 07/30/2012 9:05:25 PM PDT by GrouchoTex (...and ye shall know the Truth and the Truth shall set you free....)
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To: Nachum

Obamadollars? Woot, be joyful - it’s only taxpayer money they are playing with given GM still owes $50+/- billion..... =.=


6 posted on 07/30/2012 9:07:47 PM PDT by cranked
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To: Nachum

If this keeps up, we will soon be cooking the King’s deer over burning Volts...


7 posted on 07/30/2012 9:09:59 PM PDT by Gabrial (The nightmare will continue as long as the nightmare is in the White House)
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To: Nachum
I have ~5 requirements for a vehicle:

Red paint (plenty of options to achieve there.)

4+ doors

4x4/AWD

Manual Transmission

Box on wheels (minivan, full size van, suburban, station wagon, etc.) body

Turbo-Diesel.

8 posted on 07/30/2012 9:11:38 PM PDT by Paladin2
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To: Nachum
I have ~6 requirements for a vehicle:

Red paint (plenty of options to achieve there.)

4+ doors

4x4/AWD

Manual Transmission

Box on wheels (minivan, full size van, suburban, station wagon, etc.) body

Turbo-Diesel.

9 posted on 07/30/2012 9:13:33 PM PDT by Paladin2
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To: GrouchoTex

lol.

of course there is no end to the Mayan Calendar... just to dispel the myth


10 posted on 07/30/2012 9:14:16 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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I was trying to decide between a Honda CRV and a Hyundai Tucson, but maybe I better buy whatever my favorite team wears on it’s jerseys. It’s a big financial decision.


11 posted on 07/30/2012 9:15:22 PM PDT by ChuteTheMall (Tagline: (optional, printed after your name on post):)
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To: rockinqsranch

Their global marketing chief “unexpectedly” resigned today (or was he pushed?) and it was rumored to be because of this deal.


12 posted on 07/30/2012 9:16:39 PM PDT by Dinah Lord
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To: Dinah Lord

outsourcing....


13 posted on 07/30/2012 9:22:43 PM PDT by nevermorelenore
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To: Nachum

Makes sense, Gummit Motors sponsoring a commie sport. Must be nice not to have to pay taxes.

Pray for America


14 posted on 07/30/2012 9:23:23 PM PDT by bray (If you vote for a Communist, what's that make you?)
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To: Nachum

Just wow. The unmitigated gall of “government” spending other people’s money. It is unfathomable to me. It is so easy to spend other people’s money when you didn’t earn it. I find that with employees from time to time, but never on this kind of scale obviously. I get mad at 20 bucks spent frivolously. Reminds me of the GSA partying it up in Vegas.


15 posted on 07/30/2012 9:23:28 PM PDT by commonguymd
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To: Nachum

Go City!


16 posted on 07/30/2012 9:24:18 PM PDT by dfwgator (FUJR (not you, Jim))
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To: Nachum

Meanwhile, GM stock is going down the crapper.


17 posted on 07/30/2012 9:24:29 PM PDT by Huskrrrr
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To: Nachum

Remember the last company that sponsored United? AIG.


18 posted on 07/30/2012 9:25:48 PM PDT by dfwgator (FUJR (not you, Jim))
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To: Nachum

Meanwhile, my team is sponsored by a Thai Beer Company.

19 posted on 07/30/2012 9:27:21 PM PDT by dfwgator (FUJR (not you, Jim))
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To: Paladin2
All good requirements that you list.

I might add...

1. It is NOT a Chrysler,

2. It is NOT a GM and...

3. It is not a Ford (which is difficult for me, as I have always been a "Ford guy".

As one who has dutifully bought American cars for several decades, I now decline to spend a farthing on anything that would go toward the UAW (aka Democratic Party).

.

20 posted on 07/30/2012 9:28:16 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Seaplaner

So what car do you buy?


21 posted on 07/30/2012 9:35:26 PM PDT by bray (If you vote for a Communist, what's that make you?)
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To: Nachum

Well, GM isn’t very good at making cars.


22 posted on 07/30/2012 9:35:57 PM PDT by <1/1,000,000th%
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To: Nachum

Well.... personally, I’d rather sponsor Man Utd than own a Chevrolet.


23 posted on 07/30/2012 9:36:22 PM PDT by Jack Hammer
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To: Seaplaner
Things lead me to a Jeep Wrangler or a Ram.

That's the way it is.

24 posted on 07/30/2012 9:47:40 PM PDT by Paladin2
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To: Nachum

‘Patriots’ who call fellow Americans cowards because they don’t buy American cars and trucks should read this article then do us all a favor by putting a rifle under their chin.


25 posted on 07/30/2012 9:56:25 PM PDT by The KG9 Kid (Semper Fi)
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To: bray
I'm thinking Japanese or German. If possible, made in the USA by non-union peeps.

Actually, even though I really need a new car (my current one is 13 yrs old), I will wait until after the election. If Romney wins, I'll buy a car. If Obama is somehow credited with a win, probably not. Because of the ACA, I would need to save $$$ in case I ever need a future medical procedure or surgery (there will be offshore alternatives, perhaps even med cruise ships.)

.

26 posted on 07/30/2012 10:04:45 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Nachum

No, a swell idea would be to pay back my tax dollars.


27 posted on 07/30/2012 10:04:45 PM PDT by bgill
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To: Paladin2
That's the beauty of freedom of choice, my FRiend.

BTW (and I'm willing to be corrected by the auto experts hereabouts) my impression is that if you buy Chrysler product, be sure to get the extended warranty and get a reliable roadside assistance service.

Just sayin'.

.

28 posted on 07/30/2012 10:08:32 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Seaplaner

Be aware of the first number of the VIN code:

1,4 & 5 is assembled in USA
2 Canada
3 Mexico
6 Australia
9 Brazil
S Great Britian
V France

Search VIN country code for others.


29 posted on 07/30/2012 10:38:20 PM PDT by alpo
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To: alpo

J is Japan


30 posted on 07/30/2012 10:39:52 PM PDT by alpo
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To: Nachum

Where arew they getting the money? I thought GM tanked.


31 posted on 07/30/2012 10:44:06 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Nachum

Just why is GM promoting a brand they don’t market to any significant extent in the UK?


32 posted on 07/30/2012 11:27:24 PM PDT by Oztrich Boy (Literals will believe anything.)
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To: Nachum
$600 million invested in Man U!! As if that club needs any help, they are the NY Yankees of premier league football. City is a filthy rich club too. That money would have been better spent at Sunderland.
33 posted on 07/30/2012 11:34:07 PM PDT by yank in the UK ( A liberal mocking Christianity. I asked "why don't you mock Islam?" he replied "Muslims are violent)
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To: Nachum

The Japanese called this sort of thing “zaiteku,” a contraction of “zaimu tekunorojii,” or financial technology. They thought they were very clever until the stock market tanked, and it came out that many companies were heavily invested in things as frivolous as ridiculously inflated memberships at golf courses.

A lot of companies went under, and the ones that had not engaged in zaiteku had the last laugh.

Go, government motors. It looks good now, but it will bite you on the tailpipe eventually.


34 posted on 07/31/2012 12:15:02 AM PDT by dsc (Any attempt to move a government to the left is a crime against humanity.)
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To: Nachum

it doesn’t matter how much money you throw at marketing a dud, its not going to sell. It may fool some first buyers, but not for long


35 posted on 07/31/2012 12:55:02 AM PDT by 4rcane
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To: Nachum

follow the money


36 posted on 07/31/2012 1:13:29 AM PDT by dalebert
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To: Seaplaner
exactly - Im done with American auto's and the UAW

Many other brands are made here in the States and employ hard working Americans....and frankly have a better fit and finish than seen by some union thugs, intent on the next bong session in the company parking lot at lunch

37 posted on 07/31/2012 2:42:58 AM PDT by Revelation 911 (How many 100's of 1000's of our servicemen died so we would never bow to a king?" -freeper pnh102)
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To: Nachum

I wonder how long it will take them to totally destroy the team.


38 posted on 07/31/2012 3:11:52 AM PDT by Right Wing Assault (Dick Obama is more inexperienced now than he was before he was elected.)
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To: Oztrich Boy

“Just why is GM promoting a brand they don’t market to any significant extent in the UK?”

GM do market Chevrolet quite hard in the UK, but it might not be what you associate Chevrolet with, it’s a budget competitor here fighting it out with the Koreans at the cheap and not so cheerful end of the market:

http://www.chevrolet.co.uk/cars/

They do sell the Camaro over here but unfortunately they refuse to put the steering wheel on the correct side and we’re not willing to sit on the french side of the car like Americans are! :D


39 posted on 07/31/2012 3:46:55 AM PDT by Caulkhead
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To: bray

“Makes sense, Gummit Motors sponsoring a commie sport. Must be nice not to have to pay taxes.

Pray for America”

Commie sport? I genuinely laughed out loud at that! :)

It’s a bit of a stretch to call a football club that turns over 75m and clears 30m in profit communist! And those figures are in pounds, which are signifcantly more valuable than dollars! :D

On a more serious point though, how do they get away with it? If they were 100% privately funded and profitable I could understand it, but haven’t they been bailed out?

The other odd thing is that the main GM brand in the UK is Vauxhall, Chevrolet being the cheap ‘n cheerful brand so this sponsorship is competing with itself really.

http://www.vauxhall.co.uk/vehicles/passenger_cars.html

http://www.chevrolet.co.uk/cars/


40 posted on 07/31/2012 3:56:02 AM PDT by Caulkhead
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To: dalebert
follow the money

Exactly right.

There is no way this "sponsorship" is worth $ 600 million over 7 years.

This is merely a way to launder money. You better believe there is someone connected to the Communist cabal on the receiving end of this moolah.

It's the Chicago Way.

The entire Obama Administration practices two things on a scale that we cannot even fathom:

1. Cloward Piven strategy

2. Money laundering to their Communist fellow travelers and union cronies.

41 posted on 07/31/2012 3:58:53 AM PDT by exit82 (Pass the word: Obama is a FAILURE!! Democrats are the enemies of freedom!)
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To: Nachum

Isn’t the whole point in corporate sponsorship because it promotes the product and the basic idea is that it should increase sales?
I don’t see what all the grumbling about ‘wasting taxpayers money’ is about. Its more like an investment with the expectation of a return.


42 posted on 07/31/2012 4:47:25 AM PDT by sinsofsolarempirefan
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To: Nachum

“Manchester United to sell 16.7m shares for $16-$20 each on NYSE, values club at $3.3b.
-Roadshow expected to start Wed., pricing may be Aug. 9.”

Why does this club need corporate sponsorship again?


43 posted on 07/31/2012 6:10:44 AM PDT by griswold3 (Big Government does not tolerate rivals.)
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To: exit82

bet the repuplicans ignore it


44 posted on 07/31/2012 6:37:53 AM PDT by dalebert
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To: griswold3
Why does this club need corporate sponsorship again?

Manchester United is actually owned by the US Glazer brothers who own the Tampa Bay Buccaners. They have piled on the debt at the club and now need to work some of it off. Makes me wonder if these guys were bundlers for Obama and this is an indirect payoff.

Incidentally invest in the new share issue at your own risk. See here Looks like the Share structure of the New York Times.

45 posted on 07/31/2012 8:16:28 AM PDT by Timocrat (Ingnorantia non excusat)
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To: rockinqsranch; GeronL; Nachum

” Last week was an article they still owed us $42 Billion.”

They do! Obama and GM both lied about the taxpayer having been paid back. All that was paid back was the accrued “ interest “ on the govt loans.....that’s it.

GM has also made

1) A horrible manufacturing deal with China. (co-ownership)

2) GM has allowed China first position debt on the GM pension fund.


46 posted on 07/31/2012 9:09:07 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Seaplaner; All

I have a Chrysler big mistake... Right now I’m looking at Nissan, Honda, Hyundai, Kia, Toyota, or Volkswagen. No more Ford or Chrysler.. I would never set foot in a GM Dealership..


47 posted on 07/31/2012 9:15:48 AM PDT by KevinDavis (Radical Islam is a bigger threat than the LDS...)
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To: sinsofsolarempirefan; All

If GM was still a company then I would have no problem.. However, we the TAX PAYERS own GM still.


48 posted on 07/31/2012 9:23:07 AM PDT by KevinDavis (Radical Islam is a bigger threat than the LDS...)
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To: Nachum

For the same amount of dinero they could have given away 30,000 cars.


49 posted on 07/31/2012 10:21:05 AM PDT by proudpapa
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To: bray

How is soccer communist?.

In soccer, the biggest teams get the most fans, make the most money, buy the best players and win the most trophies. Those who struggle get smaller or go bust.

Pure capitalism.

It is AMERICAN/Canadian sport that is socialist. Your sports are set up so no one franchise can dominate. The draft system. All equal, hmmm, whats does that remind you of?.

Its American sport thats ‘communist’.


50 posted on 08/20/2012 8:44:36 AM PDT by the scotsman (i)
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