Manchester United will have to find a new sponsor for their jersey

The German software provider ‘TeamViewer’ has confirmed that they will not extend their Manchester United sponsorship when their contract expires in 2026. This decision comes as a surprise to everyone at the club, because only a year has passed since ‘TeamViewer’ signed a £47m per-year shirt sponsorship last summer.

‘TeamViewer’ made the following statement to announce their decision: “The company has decided to review its long-term marketing strategy in light of the current macro-economic environment”. However, they will still appear in Manchester United jerseys until their contract runs out.

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‘Daily Mail’ journalist, Chris Wheeler, reported that the German company’s share price has lost four-fifths of its value ever since they have appeared in the ‘Red Devils’ kit. ‘TeamViewer’ has blamed the cost of the deal as the main reason for the company’s devaluation. ‘AS Fútbol’ confirmed Wheeler’s report saying that they have lost up to 80% of their value.

A new sponsor is required

After Chevrolet’s sponsorship with Manchester United ended, the club found thought they had found in ‘TeamViewer’ the perfect company to associate with. However, United’s board must look for another deal that helps the club economically.