Not the best start! Manchester United's new shirt partner TeamViewer sees their share value DROP by 16% after agreeing terms with the Red Devils.... and reports in the US hint they will receive LESS than the reported £47m-per-season

Daily Mail | March 20, 2021

Manchester United's new shirt sponsor TeamViewer suffered a share slump on Friday as concerns over the cost of the sponsorship deal mounted.

It was a change in fortunes for the technology firm, after seeing the valuation of the company rise dramatically during the course of the pandemic.

But Bloomberg report that the stroke dropped as much as 16% on Friday, and they are not the first company to have a negative impact after partnering with Manchester United.

TeamViewer saw their share value drop by 16% on Friday due to concerns over sponsorship

The sponsorship deal with Manchester United may be less lucrative for club than first thought

Joel Ewanick, global marketing chief at Chevrolet and the man who agreed a previous shirt partnership for United, was axed within 48 hours of the deal being announced.