         |
| |
AFL Pathway Program's new sponsor
Posted By: Johnson
Date: Monday, 12 August 2002, at 9:50 p.m. US Eastern Time
By now you should have that the AFL Pathway Program for young footballers has a new sponsor, the National Australia Bank, to replace the collapsed Ansett Airlines. While the bank's sponsorship is welcome, it should be met with some scepticism and perhaps even criticism.
Footy fans who live in the States may have heard a home lending firm called Homeside. The National (the bank's short name) bought Homeside in the mid-1990s as a stepping stone for its venture into the massive US market, after successes in Australia, New Zealand and Britain. However the investment into Homeside was disastrous, so much so that the National lost $A4 billion and had to sell Homeside to Washington Mutual late last year and made a bloody exit.
Guess who had to pay for the massive loss? Not the bank's top management (although one has resigned), but the average Australians, for the National decided in May to close some 200 branches around Australia in the next six months or so, half of them in country areas, despite protest from staff and customers.
So now you may wonder where the bank got the money to sponsor the Pathway Program, and wonder how some of the young footballers feel if their family has an account with their local National branch which has been closed or is due to be closed, or their relatives work in the bank.
Regards,
Johnson Leung rds,
Johnson Leung Leung
 AFL Pathway Program's new sponsor | Johnson | Monday, 12 August 2002, at 9:50 p.m. US Eastern Time |
| |
AFANA Footy WebBBS Discussion Board is maintained by AFANA BBS Administrator with WebBBS 5.12mod.
Home * TV Info *
AFL Reports * Local Footy *
Merchandise * Footy FAQ *
Links * BBS *
Chat *
Calendar * Search * Subscribe *
AFANA Info * Feedback
Copyright © 1997-2006, The Australian
Football Association of North America.
All rights reserved. Redistribution of any posting from this BBS is not allowed except by prior permission except for limited quotes for journalistic purposes only and with proper
credit. You cannot forward BBS content to a mailing list, another BBS, or listserv without
prior permission however links back this BBS are permitted. You must ask our permission before re-posting BBS content on the web or distributing it via other means. Any other use, in whole or in part, without prior permission, is prohibited. All trademarks and prior copyrights acknowledged.
By posting content to this BBS, you grant AFANA the copyright and royalty free and non-exclusive license to reproduce, modify, adapt and publish that material worldwide. Material reproduced from other sources remains the right of the copyright holder. You grant AFANA the royalty-free, perpetual, irrevocable, non-exclusive and fully sublicensable right and license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content (in whole or part) worldwide and / or to incorporate it in other works in any form, media, or technology now known or later developed.