Manchester United’s primary shirt sponsor TeamViewer have confirmed they will not renew their partnership with the club, just 12 months into a five-year £235m deal.
The German software company toasted their link-up with United as 'two global winning teams joining forces’ upon its announcement, but have quickly pulled the plug. The Daily Mail report that concerns over the company’s share price - which has lost four fifths of its value since the start of the arrangement - has forced the decision.
United had already taken a £17million hit in moving from Chevrolet to TeamViewer, with Old Trafford bosses rejecting bigger offers to sign up to the £47m-per-year arrangement. However, less than two years on, TeamViewer have confirmed that in “light of the macro-economic environment” they will not be extending beyond 2026.
