Manchester United in sponsorship handle Bwin

16 August 2012

Manchester United has signed a three-year sponsorship bet9ja's welcome offer with sports wagering business Bwin for an undisclosed quantity, making it the club's "main online video gaming and betting partner".

Bwin is the shirt sponsor of Real Madrid and a partner to Bayern Munich.

Last week, United floated its shares on the yohaig code US stock exchange, raising $233m (₤ 150m), less than initially hoped.

the yohaig code flotation values the club at more than $2.3 bn, making it one of the biggest sports clubs on the yohaig code planet.

Last month, the club signed a shirt sponsorship handle US car brand name Chevrolet which will start in the 2014-15 season.

Manchester United now has 28 different sponsors, external, with Aon the club's primary t-shirt sponsor.

'Great opportunity'

"As Europe's leading online sports wagering operator, football is fundamental to our long-term success, comprising around half of our total sports betting profits 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 fans beyond Europe, offering us with a terrific opportunity to bet9ja's welcome offer jointly developed and innovative products in countries that do not yet enable genuine money online sports betting," he stated.

Manchester United has been controlled considering that 2005 by the Glazer family, 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 yohaig code rest going to the Glazers.

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

Manchester United

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