Once the announcement was made to withdraw the agreement with Manchester United, the company recovered 5%.Ī TeamViewer statement read: “The international awareness of the brand was clearly increased last year through the partnership (with United). The share price had fallen by 8% in the latest financial report presented on Wednesday.
A five-year agreement began, one that financial analysts in Germany have already branded as ineffective since TeamViewer signed it. The German company signed a £235 million contract in March 2021, replacing Chevrolet.
The company has lost 80% of its market value since it became associated with the English club. Paul Macdonald Updated: 11:26 BST 4 min read ProShots Manchester United have agreed a deal worth 235 million over a five-year period with technology company TeamViewer, who will replace Chevrolet as the team’s shirt sponsor from next season.
MAN UTD TEAMVIEWER SOFTWARE
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.TeamViewer, the remote control software company, and a year-long sponsor that Manchester United wears on its shirt, has decided not to renew the sponsorship contract that they signed with the Premier League giants for five years once it expires in 2026. 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. When Premier League soccer giants Manchester United announced in March 2021 that their new shirt sponsor for the next five years would be German software firm TeamViewer, more than a few.
MAN UTD TEAMVIEWER FULL
The pair agreed a five-year contract in March of last year, but TeamViewer has decided it is not delivering a full return on investment after just one. Manchester United ’s 235 million shirt sponsorship with TeamViewer will not be renewed, according to the software firm. 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. Manchester Utd and TeamViewer to call time on partnership after 2026. No further announcement will be made until Manchester United has selected a new partner to replace them on the front of its iconic shirt. 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. 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. 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. 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.
Euro 2020 might be over, but the Premier. MANCHESTER, England, December 15, 2022-( BUSINESS WIRE)-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. Ellissa Bain Thu 15 July 2021 13:31, UK Manchester United has just revealed their brand new 2021/22 home kit, and it features a brand new partner.
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