![]() ![]() ![]() However, should TeamViewer eventually be unable to pay what is owed, the Reds could be left without a shirt sponsor. United are under no obligation to change their current agreement with TeamViewer due to their shirt sponsor being contractually obliged to fulfill the deal. Currently, the deal is worth £47m per year to United, yet the German company's profits are reportedly only £43.5m. Re-negotiating the deal will be a pressing concern for TeamViewer. "In addition, the company has already communicated its desire to explore opportunities to amend the existing contract." Nevertheless, the company has decided to review its long-term marketing strategy in light of the current macro-economic environment. When asked to respond to the letter from Petrus Advisers, TeamViewer said: "The international awareness of the brand was clearly increased last year through the partnership. You are not SAP, Oracle or Mercedes."ĪLSO READ: Why Sancho has taken social media break 1.4x your net profit or over 70 million euros per year on sponsorship contracts with Manchester United and Mercedes Formula 1. They wrote: "As active investors we will not tolerate that you spend ca. The TeamViewer website says that TeamViewer 'will be the official Manchester United shirt partner from July 2021 ', e.g. But the German tech company, which specialises in remote access and remote control computer software, are now seeking to change their deal after a scathing letter from three per cent investors, Petrus Advisers. TeamViewer To Be Manchester United 'Shirt Partner From July 2021' Man Utd originally extended the Chevrolet deal for 6 moths until Decem(announced on October 22 2020). In 2021, TeamViewer and United agreed a £235m deal to sponsor the shirts of the club until 2026, but in August the firm said that it would not renew the deal. ![]() The club previously received £64m per year from Chevrolet but that had dropped to £47m annually with TeamViewer.Manchester United shirt sponsor TeamViewer are currently looking at reviewing their deal with the Reds after they received backlash from an investor. 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. ![]() Mock-up The fact that the deal begins in July 2021 means that there won't be a Manchester. The TeamViewer website says that TeamViewer 'will be the official Manchester United shirt partner from July 2021', e.g. They will be hoping for a better deal on the table after the dip in revenues. Man Utd originally extended the Chevrolet deal for 6 moths until Decem(announced on October 22 2020). United have begun their search for a new shirt sponsor. In response, the Germany company confirmed that they would be exploring opportunities to amend their contract with United and a resolution has now been found with the Red Devils deciding to buy back their main shirt sponsorship rights from them. Last month, they came under pressure from partners Petrus Advisers, who asked them to stop bleeding millions with their sponsorship deals with United and Formula One side Mercedes. TeamViewer suffered substantial losses in their partnership with United. This would lead to a substantial reduction of partnership volume to a single-digit million USD amount p.a., resulting in a significant positive impact on TeamViewer’s profitability.” “Once a new shirt front partner is selected and takes on this role TeamViewer AG will remain part of Manchester United’s partner ecosystem until the end of the original contract term, with an adapted scope of partnership. “This will allow Manchester United to commence a focused sales process for a new long-term shirt front partner with the expectation for TeamViewer to transition out of this role as soon as practicably possible. Back in March 2021, the Red Devils agreed a lucrative link-up with the software company in a partnership that was due to run for five years. A joint statement read: “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.” MANCHESTER UNITED and shirt sponsor TeamViewer have terminated their £235million deal after less than two years. ![]()
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