Manchester United Fans Call for GM Boycott, Among Others
After massive Chevy sponsorship deal is announced, the supporters club calls for a global boycott of all sponsor products.
Of course, in the case of MUST, the ill will seems not directed at the American auto manufacturer as much as at the Glazer family, the selling shareholder in Manchester United Ltd., who are looking to raise as much as $333 million in a U.S.-based initial public offering. According to a regulatory filing June 30, as reported by Autoblog, 16.7 million shares will be offered at $16 to $20 each.
"Long term you are eroding brand value and fan goodwill," MUST says of the IPO plans, adding that "operating profit has been falling over the past three years" and that "the ability to invest meaningfully and competitively in the team is being restricted."
As a response to actions taken under Glazer family ownership -- which MUST says they "can never accept ... as being anything but bad for the club" -- the group says it is lobbying ManU's IPO advisers and have called for a global boycott of sponsor products. "The boycott strategy is intended to send a loud and clear message to the Glazer family and club sponsors that without the support and purchasing power of the fans – the global strength of Manchester United brand doesn't actually exist," the group says.
The sponsorship agreement could net Manchester United Ltd. as much as $559 million through 2021, with GM paying $18.6 million each season for this year and next, $70 million in 2014 and "payments rising 2.1 percent each following season," according to Automotive News, in exchange for the Chevy bow tie logo appearing on ManU jerseys, apparel and related merchandise.
[Source: MUST; Automotive News; Reuters; Autoblog.]
Government Motors says thanks for the free loan and raises it's middle finger to the US again. I wish I could erase all my debt with a snap of a finger and then get a loan that I'll pay back someday WINK-WINK.
Socialism says it is for the people, but notice not for the Socialist himself
Why is the tax payer owned Chevy(GM) sending money to England when that company has not paid back the US tax payers that bailed it out?
Someone needs to get a grip on the poor decision makers that would think of such a ludicrous plan. Start making GM pay back the loan - if they have all of this "extra" money they can give to another country.
This needs to be brought to the public's attention - so "we the people" can start to be repaid - and quit wasting money on frivilous projects that do not protect the American taxpayers.
Who is minding the store here? We need to elect people that will use common sense and pay our bills and use better judgement. I would not be spending money advertising in another country when the bills are not paid at home.
Anyone who wonders where GM's heart really is should watch this video...
EXPLORE NEW CARS
MORE ON MSN AUTOS
ABOUT EXHAUST NOTES
Cars are cool, and here at MSN Autos we love everything about them, but we also know they're more than simply speed and style: a car is an essential tool, a much-needed accessory to help you get through your day-to-day life. What you drive is also one of the most important investments you can make, so we'll help you navigate your way through the car buying and ownership experiences. We strive to be your daily destination for news, notes, tips and tricks from across the automotive world. So whether it's through original content from our world-class journalists or the latest buzz from the far corners of the Web, Exhaust Notes helps you make sense of your automotive world.
Have a story idea? Tip us off at email@example.com.