Meanwhile, my team is sponsored by a Thai Beer Company.
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 ...
The list, Ping
Let me know if you would like to be on or off the ping list
don’t they still owe the taxpayers $40 Billion??
Last week was an article they still owed us $42 Billion.
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.
Obamadollars? Woot, be joyful - it’s only taxpayer money they are playing with given GM still owes $50+/- billion..... =.=
If this keeps up, we will soon be cooking the King’s deer over burning Volts...
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.
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.
lol.
of course there is no end to the Mayan Calendar... just to dispel the myth
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.
Their global marketing chief “unexpectedly” resigned today (or was he pushed?) and it was rumored to be because of this deal.
outsourcing....
Makes sense, Gummit Motors sponsoring a commie sport. Must be nice not to have to pay taxes.
Pray for America
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.
Go City!
Meanwhile, GM stock is going down the crapper.
Remember the last company that sponsored United? AIG.
Meanwhile, my team is sponsored by a Thai Beer Company.
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).
.
So what car do you buy?
Well, GM isn’t very good at making cars.
Well.... personally, I’d rather sponsor Man Utd than own a Chevrolet.
That's the way it is.
‘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.
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.)
.
No, a swell idea would be to pay back my tax dollars.
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'.
.
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.
J is Japan
Where arew they getting the money? I thought GM tanked.
Just why is GM promoting a brand they don’t market to any significant extent in the UK?
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.
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
follow the money
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
I wonder how long it will take them to totally destroy the team.
“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
“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/
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.
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.
“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?
bet the repuplicans ignore it
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.
” 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.
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..
If GM was still a company then I would have no problem.. However, we the TAX PAYERS own GM still.
For the same amount of dinero they could have given away 30,000 cars.
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’.
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