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National Puerto Rican Day Parade Gives Captain Morgan The Boot

Rum Co. Gets $2.7B to Leave PR – Money Would Have Funded Education & Health New York City, NY [CapitalWirePR] March 7, 2010 – The National Puerto Rican Parade, one of America’s largest outdoor events with more than 2 million participants, today announced it is terminating its relationship with the makers of Captain Morgan Rum over the company’s planned abandonment of its Puerto Rican distillery in exchange for taxpayer-funded grants of $2.7 billion that the island needs for health and educational needs. “The corporate sponsorships of Captain Morgan and its British parent, Diageo, PLC, are no longer welcome,” announced Parade Chairperson Madelyn Lugo. Diageo’s brands, Johnny Walker, Jose Cuervo and Captain Morgan, have had a 30 year relationship with the Parade. “This Parade is about pride and respect, and Captain Morgan has shown us neither,” she asserted. “They are abandoning us in exchange for $2.7 billion in taxpayer-funded corporate handouts that would otherwise be used