Manchester United ’s official shirt sponsor TeamViewer have announced that they are attempting to “amend” their deal with the Red Devils after their agreement was torn apart by one of their chief investors.
Petrus Advisers, owners of a 3% stake in the German tech giants, penned a scathing letter to the company’s executives over recent days and called for them to pull-out of their sponsorship deals alongside Man Utd and the Mercedes Formula One team.
They wrote: "As active investors we will not tolerate that you spend ca. 1.4x your net profit or over 70 million euros per year on sponsorship contracts with Manchester United and Mercedes Formula 1. You are not SAP, Oracle or Mercedes."