Man United £235m deal hangs in balance amid takeover latest – sources
Man United are no closer to announcing a new front-of-shirt sponsor amid ongoing uncertainty about the club’s future ownership, sources have told Football Insider.
It was announced in December last year that United would terminate their deal with TeamViewer – which was due to be worth £235million over its five-year length – when they had found a new sponsor.
Significantly, the news came several weeks after it was revealed that the Glazers were seeking strategic alternatives, with a full sale of the club now looking the most likely outcome.
Sources told Football Insider earlier this year that the final decision on a new sponsor would go to the new owners, whose own strategic and geopolitical interests would need to align with the brand in question.
It is understood that this still remains the case despite the major delays to the takeover process, which was originally due to be completed by March but will now take until at least June.
That in turn could cause complications for kit manufacturer Adidas, who at this stage would normally have concrete plans in place for the production and distribution of millions of shirts in time for 2023-24.
But while United have held talks with a range of potential partners, they are unable to pull the trigger without the say-so of whoever is successful in buying the club.
The Qatari consortium led by the mysterious Sheikh Jassim bin Hamad al Thani and Sir Jim Ratcliffe’s Ineos group are the frontrunners for a full takeover and have both filed their final bids.
Several US finance firms meanwhile have submitted funding proposals that could see them provide capital for the Glazers in exchange for a minority stake.
In other news, big Man United takeover update as preferred bidder revealed.