Man United to change shirt sponsor to US company

Manchester United is reportedly in advanced negotiations with a new shirt sponsor. According to The Athletic, the Red Devils are looking to advance their current partnership with Qualcomm. The two sides already have an existing relationship on a minor level, but the technology company wants to amp up funding to become United’s shirt sponsor.

Qualcomm, a San Diego-based tech corporation, creates semiconductors, software, and wireless technology services. They also currently own patents that are crucial to high-speed 5G technology. The Red Devils revealed the partnership with Qualcomm back in August of 2022. However, the deal was just a secondary sponsorship agreement.

Club’s current contract with TeamViewer to end prematurely

Nevertheless, the tech company is looking to become United’s official shirt sponsor after their current deal with TeamViewer soured. The Germany-based software firm previously announced a five-year deal with the Red Devils. Although the partnership only just began in 2021, TeamViewer agreed to have the option to buy back their front-of-shirt sponsorship rights.

A statement on the adjusted agreement was announced in December. “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,” read the statement.

“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.”

Qualcomm shirt sponsor should give United boost in funds

The deal between United and TeamViewer is reportedly worth about $58 million each season. Nevertheless, the aforementioned news outlet is reporting that United is now looking for a shirt sponsorship deal closer to $75 million annually. Qualcomm is currently negotiating a final price with the…

Source link :

Author : Chris Moore

Publish date : 2023-09-12 15:45:22

Copyright for syndicated content belongs to the linked Source.

Man United to change shirt sponsor to US company-   -/- RER B coupé au nord entre Paris, Roissy et Mitry : les appels à reporter ses déplacements ont été entendus   Aigle Arizona, Multisport Outdoor Mixte   Box-Legende Rene Weller ist tot   Salomon Driver S Casque de Ski Visière pour Homme, Idéal pour le Ski et le Snowboard   Increase cash for breast most cancers analysis throughout Starla’s Present for the Treatment at Peavine Taphouse – KOLO   -*-$$BLACKPINK Contract Renewal Uncertainty Caused YG Entertainment Stock to Drop 16% This Week   Did You Know There is a Secret Stonehenge in Downtown … –   Hinmay – Lot de 12 pinces coupe-vent pour auvent, tente de camping, bâche – Accessoires sur œillets, transparent   Cargador Esp Chargeur secteur de rechange Asus AD883020 Type 010H-3LF Wall Plug 19 V   Guerre en Ukraine EN DIRECT : Viktor Orban estime qu’il n’y a « pas d’urgence » à ratifier l’adhésion de la Suède à l’Otan…   $$* EAGLETONE UCF8 Répartiteur Cords pour 8 Pédale   CASCHA Set d’apprentissage avec un harmonica de haute qualité en do majeur diatonique, méthode en français pour…   Man United to change shirt sponsor to US company *Man United to change shirt sponsor to US company