Manchester United’s principal shirt sponsor, TeamViewer, has decided it does not want to renew its sponsorship deal with the club - despite having only signed a five-year deal last year.
The German software company signed a deal worth £235m in March 2021 to replace Chevrolet on the torso of the United jerseys. TeamViewer's share price has dipped more than 70 per cent since the company's partnership with United was announced in March 2021.
Upon signing the deal last year, shareholders were not pleased and were put off by the impact the mega-money contract would have on company profits. Several reports in Germany say financial analysts were critical of TeamViewer's agreement with United from the off.
