I think this was answered above, but I'll reiterate it: a company like AIG isn't ever going to make money off a regular Joe (unlike, say, Chang). But when they come in to put a giant bid insure a skyscraper, the team of City boys deciding who will get the bid will have at least heard of AIG from the Man U shirts. Man U fans or not, that carries with it some kind of intangible appeal, gives the illusion of stability, and ties the firm with a winner (er…).
IIRC, in an earlier post you suggested that you'd just pick whatever bid was the cheapest, but that's not the criteria followed by all companies. Some will get swayed by what it means to partner up with AIG, which would include Man U tickets, etc., as well as AIG's possibly good services.
I mean, every big-time insurer I can think of I either know about from reading Matt Taibbi's articles (bad) or their sponsorship of football clubs (good). With neither resource, I'd have no idea. Of course, I'll also probably never have to deal directly with such an entity…
I never realised the corporate world was so vain and shallow...I suppose now I think about it, it makes sense.
No, but I have NOT bought stuff 'coz they sponsor other teams!
Indeed, but apparently it doesn't matter that a large percentage of people from North London and surrounding areas will irrationally refuse to by JVC appliances, because in an office somewhere in London a JVC executive was still getting deals tied up off the back of a few Woolwich freebies.
To all who have tried explaining this to me, I apologise if I've sounded facetious but I really, really don't understand the thinking behind how this works. If I were one of these guys working in the City and went looking for a company to insure my skyscraper or to fly my board members around the world, and one of these companies said "hey we're partners with Man United...yes, that Man United, how would you like some tickets to a game?" ..or worse still, tickets for a Woolwich game! I'd probably look at the fella like he'd just raped my dog and refuse to do business now or at any point in the future. But then, this is just how football polarises opinions and why I feel that companies who advertise via football teams can potentially alienate more customers than they attract.