Premier League giants Manchester United are looking for a new shirt sponsor. After agreeing to prematurely terminate their contract with German technology company TeamViewer.
Manchester United are looking for a new shirt sponsor after agreeing toprematurely end their £235m partnership with TeamViewer. Which specializes in computer software or networks from a distance. Has been a target of attack from investors over a huge five-year deal with the Red Devils. And after months of discussions, Manchester United and TeamViewer have now agreed to terminate their contract as soon as United acquire a new shirt sponsor. Although they are still It will continue to be a “global partner” until the end of the contract in 2026.
The initial deal was signed during the COVID-19 pandemic. TeamViewer negotiating a lower price than former Manchester United sponsor Chevrolet with the club accepting a £17m reduction in the price. From a telecommunication company And now it looks like the UFABET club. Which is currently under sale is looking for a deal in a more ‘normal’ market. It will submit an offer
by Manchester United released a statement saying. After a period of private discussions over the past several months. Manchester United and TeamViewer AG have reached a mutually beneficial agreement. In which Manchester United will have an option to purchase. After agreeing to partner with TeamViewer during the COVID -19 pandemic. Manchester United will take the opportunity to kick off a focused sales process. “Once a new chest partner is selected and operational. TeamViewer will remain a valued member of Manchester United’s global alliance of access solutions. Long distance to the team until the end of the original contract in 2026.
Although there were some awkward things between the two. But the voice from Manchester United’s statement suggests. They believe they can find a deal worth in excess of the £235m that TeamViewer has agreed to pay in 2021. Despite the uncertainty surrounding it. The club after the Glazers Announced that it was considering selling the team. And despite being negotiated during the COVID-19 pandemic, the TeamViewer contract is United’s second-largest commercial deal. Although it looks far removed from the £750m kit deal with Manchester United. manufacturer of Adidas
TeamViewer is said to show shocking and poor judgment and arrogance about its partnership with Manchester United through a letter from investor Petrus Advisers, who held a nearly 3% stake in the company (Teamviewer) last month. The German firm announced in August that they would not renew their five-year contract with Manchester United, and pressure from investors to end their partnership sooner was intensifying. ever since
The letter said that “As an investor who is operating We will not allow you to spend 1.4 times your net profit or more than €70 million per year on sponsorship contracts with Manchester United and Mercedes Formula 1. You are not SAP, Oracle or Mercedes.” TeamViewer is It’s Manchester United’s sixth shirt sponsor and the second to have the deal terminated prematurely after Vodafone, which ended two years early in 2006.