Royal Bank of.... Stupid
This makes sense.
This does not.
In the first instance, AIG is to end their £14m-per-year sponsorship of Manchester United on the back of their financial meltdown and subsequent bail-out by the US Government.
In the second instance, RBS, on the verge of announcing record-breaking losses of close to £8 BILLION and now 70% under public ownership, with share prices falling as low as 11.6p, has announced that it will continue to sponsor the Six Nations Championship - to the tune of £20m.
Obviously I'm not an economist and I don't know how these things work. But 70% of that £20m is public money. So why are they allowed to spend it on what is effectively advertising? I mean, I like rugby as much as a the next guy (and I can't wait to see us beat Grand Slam holders Wales in a couple of weeks) but surely, when you are making a loss that big, advertising should not be a primary concern?
Just a thought.
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This does not.
In the first instance, AIG is to end their £14m-per-year sponsorship of Manchester United on the back of their financial meltdown and subsequent bail-out by the US Government.
In the second instance, RBS, on the verge of announcing record-breaking losses of close to £8 BILLION and now 70% under public ownership, with share prices falling as low as 11.6p, has announced that it will continue to sponsor the Six Nations Championship - to the tune of £20m.
Obviously I'm not an economist and I don't know how these things work. But 70% of that £20m is public money. So why are they allowed to spend it on what is effectively advertising? I mean, I like rugby as much as a the next guy (and I can't wait to see us beat Grand Slam holders Wales in a couple of weeks) but surely, when you are making a loss that big, advertising should not be a primary concern?
Just a thought.
