Man United shirt sponsor 'close to pulling OUT of £235m deal'

Man United shirt sponsor TeamViewer ‘is close to pulling OUT of £235m deal’ after coming under pressure from investors… with decision to team up with Red Devils slammed as ‘a sign of appalling judgement’

  • Manchester United shirt sponsor TeamViewer ‘are close to pulling out of deal’
  • The technology company have ‘come under increased pressure’ from investors
  • The £235million deal was branded ‘appalling judgement’ by firm Petrus Advisers 
  • United fans are planning to target club investors a a protest against the owners
  • Click here for the latest World Cup 2022 news, fixtures, live action and results

Manchester United shirt sponsor TeamViewer could be set to pull the plug on their £235million deal with the club, according to reports.

The German technology company are reportedly coming under increasing pressure from investors to review their contract with United, with it being described as ‘a sign of appalling judgement’.

But, according to The Telegraph, the £47million-a-year agreement could be set to end sooner rather than later following a stern letter from investors Petrus Advisers.

TeamViewer confirmed in August that they will not be renewing their current contract, which expires in 2026, but there are now fears they could look for a way out sooner.

TeamViewer’s deal is United’s second largest commercial contract – behind the £750m kit deal with adidas. 

Manchester United shirt sponsor TeamViewer are close to pulling out of their £235million deal

The five-year deal was branded ‘a sign of appalling judgement’ by investors Petrus Advisers

The company, who signed with United in 2021, specialise in remote access and remote control computer software and say ‘the international awareness of the brand was clearly increased last year through the partnership’.

A TeamViewer statement, brought about after the warnings of London-based investment firm Petrus Advisers, added: ‘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.’

TeamViewer said ‘the international awareness of the brand was clearly increased last year through the partnership’

Petrus Advisers, however, have said that they ‘will not tolerate’ the company’s decision

London-based investment firm Petrus Advisers, who own a three per cent stake in the company, added: ‘As active investors we will not tolerate that you spend ca. 1.4x your net profit or over €70million per year on sponsorship contracts with Manchester United and Mercedes Formula 1. You are not SAP, Oracle or Mercedes.’

It is believed that the share prices of TeamViewer have recently dipped.

The words from Petrus Advisers come amid stern protests from Untied fans aimed at the Glazer family, who own the club.

It is reported that fan groups are planning to turn their attention and protests to club sponsors as a means of trying to push the Glazers out the club.

Petrus Advisers’ frustrations, however, appear to be aimed at TeamViewer themselves rather than United.  

The news comes amid several protests from fans against the Manchester United owners

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