Clash of the football shirts
20 Jun 2007
"Leading the charge for the gambling groups is Gibraltar-based Bwin, already shirt sponsors at Champions League winners AC Milan. This week the group added Real Madrid to its sponsorship catalogue in a deal worth about €21m (£14m) a year - the third largest in Europe, behind insurance group AIG's tie-up with Manchester United and T-Com's deal with Bayern Munich.
"The move, regarded by some as commercially nonsensical, is a calculated one to demonstrate that Bwin will not be deterred from promoting its betting and gaming websites..."