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Offline boss

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Utd shirt kangkalang
« on: April 03, 2006, 11:34:16 AM »
 
UPDATE 1-Mansion pulls out of $120.9m Man United talks
Mon Apr 3, 2006 5:59 PM BST
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LONDON, April 3 (Reuters) - Entertainment company Mansion pulled out of 70 million-pound ($120.9 million) sponsorship talks with English premier league soccer club Manchester United on Monday.

In a statement Mansion said that United, one of the world's richest soccer clubs, had told it at the weekend that another company had been simultaneously agreeing a deal with the club.

"We are very disappointed at the manner in which Manchester United has concluded these contract negotiations and are very surprised that the discussions were terminated at this late stage, in what we consider to be an unprofessional manner," Mansion's chief operating officer David Kinsman said.

There was nobody immediately available for comment from United.

Mansion runs an international casino, sports exchange and sports book business and said the deal with United would have been worth 65-70 million pounds over four years.

Kinsman later told Reuters in a telephone interview: "We dealt with two people during our negotiations -- David Gill, the managing director and CEO, and Andy Anson, who is the commercial director of Manchester United.

"It was Andy Anson who confirmed to me on Friday night that we had a deal, it was Andy Anson who advised me on Saturday night in writing as to his arrival details in London for this morning and it was Andy Anson who rang me at 5.45 last night to tell me they had gone elsewhere."

Kinsman added: "He simply told me that they had decided to give the sponsorship to another company. I asked him (who it was) and he said I would find out later."

Kinsman continued: "I've been in business for some 35 plus years and I have done some very major business deals -- much larger than this. I was quite disappointed the way this deal played out in the end.

"I think it could have been avoided if there had been a different attitude as to how the deal was carried out on their side."

He added that negotiations had gone on from the end of last year. Mansion would now look for another Premier League club to back, he said.

MickeyRat

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Re: Utd shirt kangkalang
« Reply #1 on: April 03, 2006, 11:40:21 AM »
Blame it on Jack!

Offline Cantona007

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Re: Utd shirt kangkalang
« Reply #2 on: April 03, 2006, 11:51:52 AM »
who cares?
#include <std/disclaimer.h>
/* Beware of bugs in the above code; I have only proved it correct, not tried it. -- Donald Knuth */

Offline Augi

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Re: Utd shirt kangkalang
« Reply #3 on: April 03, 2006, 12:03:34 PM »
Thanks for the article boss.Get yuh MAnU kit below

Offline boss

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Re: Utd shirt kangkalang
« Reply #4 on: April 03, 2006, 01:04:13 PM »
I'll eat my own sh*t before I ever buy a Manure kit

Offline Cantona007

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Re: Utd shirt kangkalang
« Reply #5 on: April 03, 2006, 01:25:43 PM »
I'll eat my own sh*t before I ever buy a Manure kit
Do you think you'll use ketchup, or pepper sauce?  ;D
#include <std/disclaimer.h>
/* Beware of bugs in the above code; I have only proved it correct, not tried it. -- Donald Knuth */

Offline boss

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Re: Utd shirt kangkalang
« Reply #6 on: April 03, 2006, 01:59:28 PM »
I'll eat my own sh*t before I ever buy a Manure kit
Do you think you'll use ketchup, or pepper sauce?  ;D

 :rotfl: I walk into dat one... ;D :beermug:

Offline Small Magician aka Wazza

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Re: Utd shirt kangkalang
« Reply #7 on: April 03, 2006, 03:23:56 PM »
confusing  ???


no scene   we smart so we muss have landed sum big

Offline dumpalewie

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Re: Utd shirt kangkalang
« Reply #8 on: April 03, 2006, 03:51:02 PM »
Nobody interested in that Shit Squad anymore.

They about to fall back with the Blackburn's of the league.
TnT Patriot

Offline Small Magician aka Wazza

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Re: Utd shirt kangkalang
« Reply #9 on: April 03, 2006, 04:53:25 PM »
as the english say- f**k off!

Offline boss

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Re: Utd shirt kangkalang
« Reply #10 on: April 05, 2006, 06:49:54 AM »
Word on the street is that it's AIG, the large insurance company. I did some digging, and check this out. It's old but relevant:

A top insurance company as the new Enron?
An accounting probe at AIG worries Wall Street, and involves some of America's richest men.
By Ron Scherer | Staff writer of The Christian Science Monitor
Apr 1, 2005

NEW YORK - American business is facing yet another major scandal involving more accounting shenanigans.

But, this scandal has the potential to cause tsunami-sized damage: It involves a highly respected insurance company, American International Group (AIG) - which is part of the Dow Jones Industrial Average - which has now admitted to $1.7 billion in improper accounting. And, it has enveloped some legends in the financial arena: Maurice "Hank" Greenberg, forced out as chairman of AIG, and Warren Buffet, the Omaha stock market guru, who will be questioned about his possible involvement.

Because AIG is so massive and important to the financial world, regulators will have to tread carefully. The company's main business is providing reinsurance, that is, it insures insurance companies. This helps the industry to spread its risk among many large and financially sound companies so a single event does not become a financial disaster for one company.

Also, because of AIG's huge size, lawyers don't think the government will bring a criminal charge against the company as it did for Arthur Andersen, Enron's accountant. The criminal charge was a death sentence for the accountant.

"There is an increased reluctance to bring criminal charges that ultimately have the effect of killing a company that otherwise employs a lot of innocent people and has lots of value to it," says Michael Gass, an expert on SEC enforcement at Palmer & Dodge, a Boston law firm. "Instead, there is an increased focus on the individuals responsible."

Past lessons
If the past is any indication of the future, the government will work its way up the food chain at the company. A host of executives, including the chief financial officer, have already resigned or been forced out. The government will try to pressure them to provide evidence against higher officials, particularly Mr. Greenberg.

"I would be shocked if nothing criminal comes out of this," says Mr. Gass. "The concept that there is a $1.7 billion fraud on the stock holders and not a criminal action is ridiculous."

Global investigation
The investigation is likely to also expand overseas. AIG has operations offshore, particularly in Bermuda where it has used a company to provide financial rewards for its executives. "It's common for insurance companies to use offshore companies and not be public about it," says Gass. "There is nothing illegal about it unless there is misuse."

So far, it's expected Mr. Buffet will be questioned as a possible witness, not necessarily a target. Buffet is chairman of a company called Berkshire Hathaway, which owns a company called General Re, which provides reinsurance. It agreed to a $500 million AIG deal that is now under scrutiny. Investigators are now trying to determine what Buffet knew and when he knew it.

"With the icon of integrity and master of morality even mentioned with AIG causes some people to ask, 'Is everyone now suspect?'" asks Sam Stovall, chief investment strategist at Standard & Poor's in New York.

The scandal links two of the world's richest men. According to Forbes Magazine, Buffet is the world's second-richest person with assets of $41 billion. Greenberg is ranked 132 in the world and 59th in the US with assets of $3.1 billion. Recently, two of Greenberg's sons, both executives in the insurance business, have also been tarnished by scandal.

Washington connections
Greenberg is well-known in Washington where he known for raising large amounts of money. Greenberg was one of the President Bush's "Rangers" which means he personally raked in more than $200,000 for the reelection campaign. At the same time, he is also known for his access to members of the cabinet and Congress. This access has paid-off as the administration has often supported Greenberg on a number of issues ranging from access to China to terrorism insurance.

However, Gass says the company's influence is not likely to extend to the investigation. "No one would take the political risk of terminating a criminal investigation assuming they have the power," he says.

Greenberg and AIG have further expanded their reach through the use of the $5 billion Starr Foundation, named after the founder of the company Cornelius Vander Starr. It supports influential groups such as the Council on Foreign Relations and the National Chamber Foundation, associated with the US Chamber of Commerce.

Before its legal troubles, AIG had begun an advertising campaign to become more well-known to Americans. Its most recent logo is "We know money." And, it brags it is the financial organization to choose for your "great-great-great-great-great grandchild." Now, lawyers expect it is likely to be fighting class-action lawsuits and irate regulators as it battles to survive.

Offline boss

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Re: Utd shirt kangkalang
« Reply #11 on: April 06, 2006, 06:47:11 AM »
Man Utd signs £56m AIG shirt deal 
 
United hopes the sponsorship deal will help strengthen the team
Manchester United have signed the UK's richest-ever shirt sponsorship deal.
The agreement with insurer American International Group (AIG) is worth £56.5m over four years, the club said.

United have had to find a new backer after current sponsor Vodafone decided to end its £9m-a-year agreement from the end of this season.

The deal is seen as key to United as they look to bolster their squad to help them challenge for domestic and European honours.

Helping hand

Off and on the pitch, United have undergone a slight wobble during the past couple of years.

Earlier this year, a survey said that Real Madrid had leapfrogged Manchester United to become the world's richest football club in terms of income.

 SPONSORSHIP DEALS
Tamoil - Juventus, £15m a year
BenQ - Real Madrid, £14m a year (from 2006)
T-Mobile - Bayern Munich, £11.4m a year
Samsung - Chelsea, £10m a year

On the pitch, Chelsea have dominated the domestic league and United have failed to make an impression in European competitions.

The club hopes that the shirt deal will go a long way towards helping to finance a recovery.

However, the agreement has not been without controversy. Earlier this week United were accused of "double dealing" by online casino firm Mansion.

The company's chief negotiator claimed that Mansion and United had verbally agreed to a £70m shirt sponsorship deal before the football club pulled out.

The club countered that it never holds exclusive talks and it was perfectly entitled to hold discussions with other firms.

Change of focus

Previously, the UK's biggest shirt deal was Chelsea's current £50m five-year agreement with Samsung.

United's search for a new backer was sparked after Vodafone said in November that it would start sponsoring the Uefa Champions League, both as an official partner and the official mobile network of the competition.

The world's largest mobile phone company by revenue said it would continue to work with United, but that when the Champions League opportunity arose it was "too good to let go".

The telecoms giant first started sponsoring United in 2000 but decided to take advantage of a get-out clause after the club was taken over by US sports magnate Michael Glazer.

 

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