Manchester United in sponsorship deal with Bwin
16 August 2012
Manchester United has signed a three-year sponsorship handle sports betting business Bwin for an undisclosed quantity, making it the club's "official online video gaming and wagering partner".
Bwin is the t-shirt sponsor of Real Madrid and a partner to Bayern Munich.
Recently, United drifted its shares on the US stock exchange, raising $233m (₤ 150m), less than originally hoped.
The flotation values the club at more than $2.3 bn, making it among the greatest sports clubs in the yohaig code world.
Last month, the yohaig code club signed a t-shirt sponsorship bet9ja's welcome offer with US cars and truck brand Chevrolet which will start in the 2014-15 season.
Manchester United now has 28 various sponsors, external, with Aon the club's primary shirt sponsor.
'Great chance'
"As Europe's leading online sports betting operator, football is fundamental to our long-term success, comprising around half of our total sports wagering profits of 261m euros ($320m; ₤ 204m) in 2011," stated Norbert Teufelberger, co-chief executive of Bwin's parent company, Bwin.party.
"Man Utd has 569 million followers outside of Europe, supplying us with a terrific opportunity to bet9ja's welcome offer collectively created and ingenious items in nations that do not yet permit real money online sports betting," he stated.
Manchester United has been controlled because 2005 by the Glazer household, the billionaire US sports investors who likewise own the Tampa Bay Buccaneers Football franchise.
About half of the $233m that the club raised from its flotation will go to settling the club's financial obligations, with the rest going to the yohaig code Glazers.
Shares in the club shut down at $13.77 in New york city, closing below their flotation rate of $14 for the first time.
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