General Motors 900 Million Dollar T-Shirt

Manchester United is a soccer team in England.

General Motors is an American Automotive company in the United States.

The American press has been reporting that General Motors paid over $559,000,000 (five-hundred and fifty-nine million dollars) to have the words ‘General Motors’ printed on the shirts worn by the soccer team.

I thought this was interesting so I read a little more. It turns out the stories may have been wrong.

After all it would be ludicrous for a company like General Motors, which took about $49.4 billion of our tax money, that is, $19.4 billion before bankruptcy and another $30 billion to fund GM through it, while still failing to meet shareholder expectations and coming up short or absent in any attempt to pay back the government, to go shell out a half a billion dollars to a soccer team in another country.

Right?

I learned that Manchester United was going to buy back some sponsoring they had sold to DHL (a German delivery company like UPS) for 40 million dollars.

DHL investors partied because giving 40 million dollars to get their name on a training kit was too much. The soccer team is buying the advertising back because they are going to sell it for more.

The stories that I mentioned, did apparently turn out to be wrong. GM didn’t shell out 559 million dollars. The number is 559 million pounds. One pound equals one dollar and sixty-one cents.

Does that really amount to over 900 million dollars?

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