Agreement Reached: Manchester United and TeamViewer to End Kit Sponsor Deal
TeamViewer could soon be history on the front of Manchester United's kit. Both parties have reached an agreement that allows to dissolve the main sponsorship contract.
TeamViewer, a German company for remote support systems that profited from the COVID-19 crisis, became Manchester United's main sponsor for the 2021-22 season, replacing Chevrolet. The contract negotiated at the time was for a five-year partnership and was expected to bring in 275 million Euro for Manchester United.
TeamViewer and Manchester United Rech Agreement to Dissolve Main Sponsorship Contract
After confidential talks over the past few months, both parties have reached a mutually-beneficial agreement for the end of the deal. Manchester United can buy back the rights to the main jersey sponsorship and look for a new main sponsor, TeamViewer announced late Thursday night.
TeamViewer "would exit this role as quickly as possible"
The agreement was accompanied by the expectation that the Goeppingen-based company would exit this role as quickly as possible, the MDax company said.
TeamViewer’s financial commitments to Manchester United remain unchanged whilst they remain the club’s shirt front partner, after which their financial commitments will reflect their status as a global partner.
This should reduce the cost burden from the Man United sponsorship at the specialist for remote maintenance software to a single-digit million US dollar amount and thus significantly increase profitability. Teamviewer shares rose almost 9 percent in after-hours.
Teamviewer shares rose almost 9 percent
TeamViewer are Man Utd's sixth front-of-shirt sponsor and will be the second to end their contract early after Vodafone.
Which brand do you hope will become Manchester United's new sponsor? Let us know in the comments below.
