The crumbling economy continues to intrude on sports.

Struggling insurer AIG, which was taken over by the US government last year, said last week its wasn’t going to renew its four-year, $98.9 million sponsorship with soccer powerhouse Manchester United.

The deal is the richest shirt sponsorship deal in the English Premier League.

Also last week, the Chicago Cubs sued Under Armour, a team sponsor, in Illinois state court for $10.8 million.

It claims the sports apparel manufacturer reneged on its contract because its business has soured.

Across the pond, Olympic officials in London, the site of the 2012 Summer Games, approved a $629 million bailout of the athletes’ village and media center after a private-financing deal collapsed amid the weakened Britisheconomy.