Manchester United shirt sponsor TeamViewer are currently looking at reviewing their deal with the Reds after they received backlash from an investor.
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. 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.
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."
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 [with United]. Nevertheless, the company has decided to review its long-term marketing strategy in light of the current macro-economic environment.
"In addition, the company has already communicated its desire to explore opportunities to amend the existing contract."
Re-negotiating the deal will be a pressing concern for TeamViewer. Currently, the deal is worth £47m per year to United, yet the German company's profits are reportedly only £43.5m.
United are under no obligation to change their current agreement with TeamViewer due to their shirt sponsor being contractually obliged to fulfill the deal. However, should TeamViewer eventually be unable to pay what is owed, the Reds could be left without a shirt sponsor.
TheUnitedOne
0
You obviously didn't understand anything that the article says. Read it again and pay more attention, you Ronaldo cry baby fanboy. This has nothing to do with his cheap drama.
Madcap_237
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like eh!! Some persons are just deluded and depressed. I guess he never got goodnight kiss from his parents 😂😂💔
True Tlk bro Instead of creating a name for himself here (just for the recognition) He's tryna claim the identity of smone who's well knw on here. Just Pathetic
cecboruz
0
the effect of Ronaldo. money made through Ronaldo jersey alone is much that's why he can openly say he was batrayed... How can you make alot of money through him alone and now keep him on the bench or keep on disrespecting him like 19 years old child
your right this is why he speaks out
BarryHarry
0
@JoyNg come see ur impersonator[Crylaugh][Crylaugh][Crylaugh][Crylaugh] Chose the same name and pp just to gain relevance and my guess....likes. Classic Teenagers[Crylaugh]
like eh!! Some persons are just deluded and depressed. I guess he never got goodnight kiss from his parents 😂😂💔
speciebaba
1
the effect of Ronaldo. money made through Ronaldo jersey alone is much that's why he can openly say he was batrayed... How can you make alot of money through him alone and now keep him on the bench or keep on disrespecting him like 19 years old child
rapabeny
0
mane
rapabeny
1
so do mane
FootballRealist
1
Mmmm showing the effects when the truth comes out..one brand to another…
Madcap_237
1
its already started, the 'Emperor without a Kingdom' destroying every club he steps into.
[image]
@JoyNg come see ur impersonator[Crylaugh][Crylaugh][Crylaugh][Crylaugh] Chose the same name and pp just to gain relevance and my guess....likes. Classic Teenagers[Crylaugh]
satbpruz
5
United will learn the hard way. CR7 God beating them
Kkrexuke
2
So the Glazers are not the only dumb businessmen. who would give a sponsorship of 47M when your profit is only 43.5M during pandemic times ?? [Crylaugh]. worst still. Europe especially Germany and France has some of the dumbest governments who follow US like lapdogs , sanctioning Russia and blocking China rise until they realise the nord stream sabotage means US can sell LNG to Europe 4X the Russian gas price and factories closing due to rising energy prices. at least scholz has woke up recently bringing back deals especially Airbus, knowing Germany cannot decouple with China. macron going to Beijing next. I hope to see Europe companies doing well. well, that could probably mean better sponsorship for some of the big clubs. no one spend luxury money if your profits are meagre rite.
J0yNg
2
its already started, the 'Emperor without a Kingdom' destroying every club he steps into.
Charlesugwu
1
Fall out from the CR7 sanction. The reason isn't enough. More sponsors will toe this line in coming days
Graphics100
0
Ronaldo each time he hears Manchester United new be like