EQS-Adhoc: TeamViewer AG: Manchester United and TeamViewer reach agreement on future partnership

Manchester United and TeamViewer reach agreement on future partnership

Manchester/Goppingen, 15 December 2022 – 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. This will allow Manchester United to commence a focused sales process for a new long-term shirt front partner with the expectation for TeamViewer to transition out of this role as soon as practicably possible.

Once a new shirt front partner is selected and takes on this role, TeamViewer AG will remain part of Manchester United’s partner ecosystem until the end of the original contract term, with an adapted scope of partnership. This would lead to a substantial reduction of partnership volume to a single-digit million USD amount p.a., resulting in a significant positive impact on TeamViewer’s profitability. The adapted partnership would enable TeamViewer to continue its brand-building efforts, benefiting from Manchester United’s unique platform, while at the same time reflecting a changed macro-economic environment in its cost base.

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Press Contact 
Martina Dier
Director, Global Communications
E-Mail: press@teamviewer.com Investor Relations Contact
Ursula Querette
Vice President Capital Markets
E-Mail: ir@teamviewer.com

 

1514673  15-Dec-2022 CET/CEST