TeamViewer looking to review current deal

horsechoker

Sailor vee, this is a right off.
Joined
Apr 16, 2015
Messages
37,597
Location
The stable
https://www.manchestereveningnews.c...ster-united-teamviewer-shirt-sponsor-25559961

Manchester United shirt sponsor TeamViewer wants to review £235m deal

A stakeholder in the company slammed the sponsorship arrangement TeamViewer has with Man United and the firm has said it would like to 'amend the existing contract'

Re-negotiating the deal will be a pressing concern for TeamViewer. Currently, the deal is worth £47m per year to United, yet the German company's profits are reportedly only £43.5m.


United are under no obligation to change their current agreement with TeamViewer due to their shirt sponsor being contractually obliged to fulfill the deal. However, should TeamViewer eventually be unable to pay what is owed, the Reds could be left without a shirt sponsor
 

cyberman

Full Member
Joined
May 26, 2010
Messages
29,947
Seems like we could defend this under the tough titty, bird shitty defence
 
Last edited:

Brophs

The one and only
Joined
Nov 28, 2006
Messages
47,600
It does seem like the crack negotiating unit at TeamViewer have gotten this one badly wrong.
 

Idxomer

Full Member
Joined
Aug 3, 2014
Messages
9,988
A remote access app as a shirt sponsor was always weird.
 

Cloud7

Full Member
Joined
Jan 11, 2016
Messages
10,309
Seems like an issue on their end, where they negotiated a deal that ended up being more than they could (?Should) be spending on a deal like this?
 

Atheist

Full Member
Joined
Feb 17, 2014
Messages
380
Location
CA
How was this deal approved by their board if they couldn’t afford it?
 

rimaldo

Seriously friggin' hot
Joined
Jan 10, 2008
Messages
35,893
It does seem like the crack negotiating unit at TeamViewer have gotten this one badly wrong.
i reckon woody managed to get phish the ceo and got him to send across the money in google play vouchers.
 

Brophs

The one and only
Joined
Nov 28, 2006
Messages
47,600
i reckon woody managed to get phish the ceo and got him to send across the money in google play vouchers.
In fairness, woodyed@muf.com is a tempting little filly of an email address. You’d best believe I’m clicking that without missing a beat. So to speak.
 

yumtum

DUX' bumchum
Joined
May 10, 2009
Messages
6,755
Location
Wales
If they're struggling there will be some sort of exit clause that will see them pay a penalty to exit early and we get to negotiate with a new sponsor.
 

mu4c_20le

Full Member
Joined
Jul 7, 2013
Messages
31,864
Maybe twitter is interested? Elon did show interest in us at one point
 

ShinjiNinja26

Full Member
Joined
Feb 9, 2013
Messages
7,789
Location
Location, Location
They sound like a bunch of amateurs. Who the hell signs off on a sponsorship deal where they’re paying more on a yearly basis than they’re generating in profits?
 

LoneStar

Full Member
Joined
Jun 25, 2017
Messages
3,520
Will we get another sponsor who can at least match whatever TeamViewer were giving us? I reckon the negative press recently with the whole Ronaldo debacle doesn't help things.
 

Rightnr

Wants players fined for winning away.
Joined
Jan 25, 2015
Messages
7,897
We should do a deal with them - pay us 1/2 years of the sponsorship deal in a lump sum and we'll find someone else.

The TeamViewer stock has sharply fallen since they signed the deal. Probably can't afford it.
Stock price has nothing (directly) to do with company being to afford it or not. It might be an indicator of poor company outlook but the whole stock market has been down in dumps for months.
 

RedRoach

Full Member
Joined
Sep 19, 2016
Messages
330
TeamViewer are just one of many businesses who were artificially inflated in value and revenue generation during the pandemic (see Pelaton, Netflix etc as other examples). They are going through a correction as people move gradually back to office work.

They probably believed their prior revenue numbers that allowed them to afford this sponsorship were sustainable. Clearly the global economic downturn and the over inflated values of tech companies during the pandemic is impacting them now.
 

Boondog

Full Member
Joined
Aug 14, 2022
Messages
622
Good riddance. Hated seeing their shitty name on the kit anyway.

Ronaldo gave them their money's worth and more with his selfish ass all over the net and even NY due to his tantrums.
 

68cob

New Member
Newbie
Joined
Apr 24, 2022
Messages
277
I was quite shocked to see their name on the shirt. I associate it with phone scamming, although I know it's a reputable company.
 

Brwned

Have you ever been in love before?
Joined
Apr 18, 2008
Messages
50,469
How was this deal approved by their board if they couldn’t afford it?
The assumption is that the amount you spend on a sponsorship is always less than the amount you generate from the sponsorship. I’m sure United told them if they spend £45m a year they’ll make £100m+ a year extra just from association to a global brand, reaching an audience of over a billion, etc.

I’m sure some of the board were sceptical of the idea and bemused by the supposed evidence for it. But if all these other companies are doing it then it must make sense. A lot of marketing investment is like that and sponsorship is particularly bad for it. People really don’t know if it’s a good idea.
 

hellhunter

Eurofighter
Joined
Aug 5, 2011
Messages
16,170
Location
Stuttgart, Germany
Supports
Karlsruher SC
Will we get another sponsor who can at least match whatever TeamViewer were giving us? I reckon the negative press recently with the whole Ronaldo debacle doesn't help things.
Not sure it's bad for a shirt sponsor, it's massive exposure. Bad PR is better than no PR
 

Red00012

Full Member
Joined
Jan 18, 2018
Messages
9,326
Best of luck trying to get out of a deal with the Glazer family
 

Irrational.

Full Member
Joined
Aug 10, 2011
Messages
30,882
Location
LVG's notebook
The company behind the software most commonly used to scam the elderly out of their life savings didn’t think this through at all.
 

mu4c_20le

Full Member
Joined
Jul 7, 2013
Messages
31,864
They should blame vaccine companies for containing the pandemic so quickly
 

Sunny Jim

Full Member
Joined
May 8, 2007
Messages
28,226
Location
Warsaw...that's too far away from Edinburgh...
https://www.manchestereveningnews.c...ster-united-teamviewer-shirt-sponsor-25559961

Manchester United shirt sponsor TeamViewer wants to review £235m deal

A stakeholder in the company slammed the sponsorship arrangement TeamViewer has with Man United and the firm has said it would like to 'amend the existing contract'


How was this deal approved by their board if they couldn’t afford it?
Arent profits reported after expenses? i mean these ca 43 mil is what's left after they pay to us. 1:1 is still a terrible ratio buyt i think they can affrod it.
 

fallengt

Full Member
Joined
Jul 27, 2011
Messages
4,106
Maybe we should spam Elon' Twitter. Just need him to be drunk on one of those days.
 
X