this post was submitted on 15 Nov 2023
1 points (100.0% liked)
Soccer (Closing)
154 readers
1 users here now
This community is being retired in favor of [email protected].
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
One of their sponsors is WeWork. They filed for bankruptcy recently. How does that work??
It’s okay, there will be no lay offs as they didn’t actually have any staff. Their purpose was to sponsor Man CIty and they achieved that already
Didn't WeWork valued at 40B+ at one point?
This sounds like when some 14-year-old tried to make Asahi a no-name company when City signed a deal with them.
They did their IPO like 6 months before demand for office space cratered.
Real shame because they could have got done nice free advertising from the latest David Fincher movie
You just shout "I declare bankruptcy"
Congratulations, you are now bankrupt!
The shrews will arrive at your registered address within five working days.
Hey. I just wanted you to know that you can't just say the word "bankruptcy" and expect anything to happen
Exactly! You have to declare it, which they obviously didn’t.
Yeah and generally sponsors pay in advance or at least installments so even if they could just cut it early they are probably already locked in just on that they already paid.
WeWentBankrupt,LookingForWork
I'm guessing they signed a multi-year sponsorship and are contractually obligated to see it through
The accounts are for last season. So the bankruptcy wouldn’t have any baring the results for that season.