The U.S. insurance company American International Group (AIG), which for 10 years has been a sponsor of Team USA men's tennis, refused to continue cooperation with the national team. It is reported AP. AIG contract with the U.S. Tennis Association (USTA) ends at the end of 2008. Officially, the refusal to renew the contract has not yet been announced.
It is believed that the reason refused sponsorship from AIG became the world financial crisis. 17 Sept., 2008 Federal Reserve (Fed) USA nationalized company, giving it a loan amounting to 85 billion dollars in exchange for shares. By 8 October, this credit has been exhausted, and the Fed has provided AIG another 37.8 billion dollars.
In 2007, Team USA won the Davis Cup, and in 2008 ceded in the semifinals of this tournament, the team of Spain.
How much spent AIG for 10 years on the USA team tennis, did not specify. Note, AIG is also a sponsor of the English soccer club Manchester United. "
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