Manchester United in sponsorship bet9ja's welcome offer with Bwin
16 August 2012
Manchester United has actually signed a three-year sponsorship deal with sports betting company Bwin for an undisclosed amount, making it the club's "main online gaming and betting partner".
Bwin is the t-shirt sponsor of Real Madrid and a partner to Bayern Munich.
Last week, United drifted its shares on the yohaig code US stock market, raising $233m (₤ 150m), less than initially hoped.
The flotation values the club at more than $2.3 bn, making it among the greatest sports clubs worldwide.
Last month, the club signed a shirt sponsorship handle US vehicle brand Chevrolet which will start in the 2014-15 season.
Manchester United now has 28 various sponsors, external, with Aon the club's primary t-shirt sponsor.
'Great opportunity'
"As Europe's leading online sports betting operator, football is fundamental to our long-lasting success, comprising around half of our overall sports betting earnings of 261m euros ($320m; ₤ 204m) in 2011," said Norbert Teufelberger, co-chief executive of Bwin's parent business, Bwin.party.
"Man Utd has 569 million fans outside of Europe, supplying us with a great opportunity to provide collectively developed and ingenious items in nations that do not yet allow real cash online sports wagering," he said.
Manchester United has actually been controlled considering that 2005 by the Glazer household, the billionaire US sports investors who likewise own the Tampa Bay Buccaneers American football franchise.
About half of the yohaig code $233m that the club raised from its flotation will go to paying off the yohaig code club's financial obligations, with the yohaig code rest going to the Glazers.
Shares in the club shut down at $13.77 in New york city, closing listed below their flotation rate of $14 for the first time.
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