AIG ends Manchester United sponsorship deal

The firm, which signed the agreement in 2005, agreed to pay £14m a year for four years and also has a £5m a year deal to run MU Finance until 2014. In September last year, AIG received an $85bn rescue package from the US Government in a bid to prevent it becoming another casualty of the credit crunch following the collapse of Lehman Brothers. Under terms of the deal, authorised with Treasury support, the US Government took a 79.9% equity stake in the company. It said AIG would likely have to sell off parts of the firm to repay its loan. The insurer has already ended its sponsorship de...