![]() United managing director Richard Arnold said: "We are tremendously proud to be establishing this partnership with one of the most exciting and dynamic global software companies. The Chevrolet deal also saw the American company signed up as United's official car partner, but sources have said that a replacement could see the club earn approximately £10m annually from another automotive partner. Sources have said that the TeamViewer deal, which will see the German company have their logo on the United shirt from the start of next season, is the biggest standalone shirt deal in the Premier League.Īnd United could yet reduce the deficit caused by the loss of the Chevrolet deal by securing an automobile sponsor. Dawson: Can Lingard prove Man Utd doubters wrong?īut with United failing to win the Premier League or Champions League since 2013, combined with the financial impact of the COVID-19 pandemic, the club has been unable to match or better the terms agreed with Chevrolet nine years ago. UEL draw: Man Utd could face Roma/Ajax in semi United's world-record deal with Chevrolet, which was agreed in 2012 before starting officially in 2014, was worth £64m -a-year and remains the biggest ever struck by a football club for shirt sponsorship. Manchester United have secured a five-year shirt sponsorship deal with global technology company TeamViewer with sources telling ESPN that the contract is worth £47 million-a-year - an annual drop of £17m on their expiring partnership with Chevrolet. Man United to lose £17m a year with TeamViewer shirt sponsor deal - sources The news of the contract termination is coming after TeamViewer released a statement last month suggesting that the firm would be ‘reviewing their long-term strategy’ with the club.You have reached a degraded version of because you're using an unsupported version of Internet Explorer.įor a complete experience, please upgrade or use a supported browser Now, after ending the deal with the German Tech giant, the club will now be chasing a better deal in the ‘normalised market’ without the impacts or effects of Covid. Manchester United believes the condition under which the deal was signed put the club at a disadvantage. The deal was said to be worth £17million less than Chevrolet’s. ![]() TeamViewer reportedly negotiated a lower price than Chevrolet when they signed the deal. However, TeamViewer will remain on United’s shirts until the club has found a replacement. Manchester United’s statement pointed out that the deal with TeamViewer was signed on the eve of the Covid-19 pandemic.Īfter confirming the decision to buy back the agreement, the Red Devils said they are now looking at securing a better sponsorship for the club. See also How Manchester City Humiliated Liverpool The two sides have now agreed an exit strategy, with United confirming that they 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.’ They have reportedly lost four-fifths of its value amid concerns they had overstretched by committing to the £47m-a-year deal. ![]() Reports have it that losses incurred by TeamViewer are the major factor that has informed their decision to terminate the contract. The company had reportedly planned not to renew the deal which would have expired in 2026.īefore TeamViewer struck a deal with the Premier League giants, it was Chevrolet who were Manchester United’s official shirt sponsors. TeamViewer reportedly fell out with Manchester United in August, just 18 months into the five-year agreement. The Old Trafford club agreed to cut short their £235million deal with TeamViewer, and have decided to buy back the rights to the agreement. Manchester United have terminated a £235million shirt sponsorship deal with TeamViewer and are searching for new sponsors. ![]()
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