Manchester United in sponsorship handle Bwin
16 August 2012
Manchester United has actually signed a three-year sponsorship bet9ja's welcome offer with sports betting company Bwin for a concealed amount, making it the club's "main online gaming and wagering partner".
Bwin is the shirt sponsor of Real Madrid and a partner to Bayern Munich.
Last week, 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 one of the biggest sports clubs in the world.
Last month, the club signed a t-shirt sponsorship offer with US car 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 basic to our long-term success, comprising roughly half of our total sports betting profits of 261m euros ($320m; ₤ 204m) in 2011," stated Norbert Teufelberger, co-chief executive of Bwin's moms and dad business, Bwin.party.
"Man Utd has 569 million fans beyond Europe, offering us with an excellent opportunity to provide jointly designed and ingenious items in countries that do not yet enable genuine money online sports betting," he said.
Manchester United has been controlled given that 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 paying off the club's financial obligations, with the rest going to the Glazers.
Shares in the club closed down at $13.77 in New york city, closing listed below their flotation cost of $14 for the very first time.
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