Manchester United's red shirts that have sported the Chevrolet brand for the past seven years will have German software company TeamViewer as the new sponsor from next season, the Premier League football club said Friday.
The 20-time English champions, currently second in the Premier League table, did not disclose the financial details of the deal.
The club last year had extended its record $559m deal with General Motors that was due to expire in June 2021 by six months after initial Covid-19 lockdowns ate into its finances.
The sponsorship with United marks another deal for Germany's TeamViewer, which recently bought US augmented reality software firm Upskill.
TeamViewer added that due to an increase in marketing spend as a result of the deal, it downgraded its core profit margin forecast for the year, sending shares 11% lower.
