Manchester United Football Club
The Red Devils' chest advertising sponsor TeamViewer, a German technology company, has announced that it will not cooperate with the Red Devils after the expiration of its contract in 2026.
Manchester United Football Club
The irony of the contract extension is that TeamViewer's stock price jumped 5% immediately after the news hit the streets, proving that the market thought it was the right decision.
TeamViewer was the same as the previous year in March.
Manchester United Football Club
TeamViewer's shares have fallen nearly 80% since signing a five-year sponsorship deal worth 235 million pounds, which market participants say is not good value for money. In addition to the Russia-Ukraine war and a sharp drop in global tech stocks, the massive sponsorship of
Manchester United Football Club
With TeamViewer's share price plummeting after only a year and a half, it is no wonder that TeamViewer has announced that it will not renew its contract in a bid to restore the market's confidence in the company.
The TeamViewer Statement refers to the same
Manchester United Football Club
After the cooperation, the company's popularity has increased significantly, but after considering the macroeconomic environment and marketing strategy, it decided not to renew the contract.
This incident reflects
Manchester United Football Club
The team's commercial value has been on the decline, with the team's last shirt chest advertising deal with Chevrolet, which generated £64 million a year, dropping to £47 million a year with TeamViewer, and if that's the case, it's a good thing the team is still in the game.
Manchester United Football Club
If there is no improvement in the next few years, I am afraid the next sponsorship deal will be further reduced.
