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. Having agreed its partnership with TeamViewer at the height of the Covid-19 pandemic, Manchester United will be taking the opportunity to commence a focused sales process for a new shirt front partner in a normalised market. Once a new shirt front partner is selected and takes on this role, TeamViewer will continue as a valued member of Manchester United's suite of global partners, providing Manchester United with remote connectivity solutions, 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.