I can't help thinking there's something Parnell-esque about this current "bringing low" of Giggs. It reminds me of that Zizek thing about the enforcement of "human, all too human" characteristics on people, the removal of a public figure from their collective significance by subjecting them to ridicule for private misdemeanours.
For what it's worth, Giggs's public "meaning" - I reckon - was that he communicated a sort of anachronistic model of permanency, poise, and quiet articulacy, just as the corporate interests in the modern game furiously attempted to get rid of all those qualities, to drain the game of value and turn footballers into risible, self-interested monsters.
Now Giggs is just another one of those monsters, and who wins? Certainly not the fans.
And the fact that Cameron was apparently in favour of revealing his identity is perhaps telling, isn't it?