Manchester United Plc and TeamViewer AG Reach Agreement on Future Partnership
MANCHESTER, England--(BUSINESS WIRE)--Dec 15, 2022--
After a period of collaborative, private discussions over the past months, Manchester United and TeamViewer AG have reached a mutually-beneficial agreement under which Manchester United shall have the option to buy back the rights to the club’s shirt front sponsorship.
Having agreed its partnership with TeamViewer at the height of the Covid-19 pandemic, Manchester United will be taking the opportunity to commence a focused sales process for a new shirt front partner in a normalised market.
Once a new shirt front partner is selected and takes on this role, TeamViewer will continue as a valued member of Manchester United’s suite of global partners, providing Manchester United with remote connectivity solutions, until the end of the original contract term in 2026.
Since July 2021, TeamViewer has benefitted from unparalleled global exposure as the most talked-about shirt front partner in world football, following the most visible launch for a football club partner in the digital era.
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. No further announcement will be made until Manchester United has selected a new partner to replace them on the front of its iconic shirt.
About Manchester United
Manchester United is one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth. Through our 144-year football heritage we have won 66 trophies, enabling us to develop what we believe is one of the world’s leading sports and entertainment brands with a global community of 1.1 billion fans and followers. Our large, passionate and highly engaged fan base provides Manchester United with a worldwide platform to generate significant revenue from multiple sources, including sponsorship, merchandising, product licensing, broadcasting and matchday initiatives which in turn, directly fund our ability to continuously reinvest in the club.
View source version on businesswire.com:https://www.businesswire.com/news/home/20221215005961/en/
CONTACT: Investor Relations:
Head of Investor Relations
+44 738 491 0828
Head of Media Relations & Public Affairs
+44 161 676 7770
KEYWORD: UNITED KINGDOM EUROPE
INDUSTRY KEYWORD: SPORTS SOCCER
SOURCE: Manchester United Plc
Copyright Business Wire 2022.
PUB: 12/15/2022 04:15 PM/DISC: 12/15/2022 04:16 PM