Manchester United have confirmed that they have reached an agreement with TeamViewer which will allow them to look for a new front-of-shirt sponsor.
TeamViewer struck a lucrative £47m-a-year deal with United in January 2021 which would see their logo on the front of team's shirts until 2026, although they confirmed in August 2022 that they did not plan to renew that agreement.
Now, United have confirmed that further talks with TeamViewer have led to an agreement which will allow the club to find a new shirt sponsor immediately.
"After a period of collaborative, private discussions over the past months, Manchester United and TeamViewer AG have reached a mutually-beneficial agreement under which Manchester United shall have the option to buy back the rights to the club’s shirt front sponsorship," a statement read.
"Having agreed its partnership with TeamViewer at the height of the Covid-19 pandemic, Manchester United will be taking the opportunity to commence a focused sales process for a new shirt front partner in a normalised market.
"Once a new shirt front partner is selected and takes on this role, TeamViewer will continue as a valued member of Manchester United’s suite of global partners, providing Manchester United with remote connectivity solutions, until the end of the original contract term in 2026.
"Since July 2021, TeamViewer has benefitted from unparalleled global exposure as the most talked-about shirt front partner in world football, following the most visible launch for a football club partner in the digital era.
"TeamViewer’s financial commitments to Manchester United remain unchanged whilst they remain the club’s shirt front partner, after which their financial commitments will reflect their status as a global partner. No further announcement will be made until Manchester United has selected a new partner to replace them on the front of its iconic shirt."
Source : 90min