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Man Utd braced for £141m loss as seek for Cristiano Ronaldo substitute takes latest hit | Football | Sport

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Manchester United have suffered their latest financial hit as Erik ten Hag holds out for a Cristiano Ronaldo substitute in January, with TeamViewer ending their shirt sponsorship three years early. The Red Devils are set to lose £141million from the ‘mutual decision’, adding to the budget worries because the Glazers money in on the debt-ridden club.

A press release on Thursday read: “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 choice to purchase back the rights to the club’s shirt front sponsorship.

“Having agreed its partnership with TeamViewer at the peak of the Covid-19 pandemic, Manchester United will likely be taking the chance to start a focused sales process for a recent shirt front partner in a normalised market.

“Once a recent shirt front partner is chosen and takes on this role, TeamViewer will proceed as a valued member of Manchester United’s suite of world partners, providing Manchester United with distant connectivity solutions, until the top of the unique contract term in 2026.

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“Since July 2021, TeamViewer has benefitted from unparalleled global exposure as probably the most talked-about shirt front partner in world football, following probably the most visible launch for a football club partner within the digital era.

“TeamViewer’s financial commitments to Manchester United remain unchanged whilst they continue to be the club’s shirt front partner, after which their financial commitments will reflect their status as a world partner. No further announcement will likely be made until Manchester United has chosen a recent partner to switch them on the front of its iconic shirt.”

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