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Manchester United in Sponsorship Handle Bwin

Manchester United in sponsorship offer with Bwin

16 August 2012

has actually signed a three-year sponsorship bet9ja’s welcome offer with sports betting company Bwin for an undisclosed quantity, 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 floated its shares on the US stock market, raising $233m (₤ 150m), less than originally hoped.

The flotation values the club at more than $2.3 bn, making it among the most significant sports clubs worldwide.

Last month, the club signed a t-shirt sponsorship bet9ja’s welcome offer with US automobile brand Chevrolet which will begin in the 2014-15 season.

Manchester United now has 28 different sponsors, external, with Aon the club’s primary shirt sponsor.

‘Great chance’

“As Europe’s leading online sports wagering operator, football is fundamental to our long-term 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 company, Bwin.party.

“Man Utd has 569 million followers outside of Europe, offering us with an excellent opportunity to use collectively created and innovative products in nations that do not yet permit genuine cash online sports betting,” he stated.

Manchester United has actually been controlled considering that 2005 by the yohaig code Glazer family, the billionaire US sports financiers who likewise own the Tampa Bay Buccaneers American football franchise.

About half of the $233m that the club raised from its flotation will go to settling the club’s debts, with the yohaig code rest going to the Glazers.

Shares in the club closed down at $13.77 in New york city, closing below their flotation rate of $14 for the first time.

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