TeamViewer stock price falls after Man Utd announcement | OneFootball

TeamViewer has seen their stock price fall by 16 per cent after being named new shirt sponsor of Manchester United.

It was a change in fortunes for the technology firm, after seeing the valuation of the company rise dramatically during the course of the past year.

TeamViewer's marketing expenses are expecting to increase significantly as a result of the sponsorship, but what will be more of a concern for United is that reports in the US are suggesting the club will receive less than the £47m-a-season that had been reported.

The five year deal, announced earlier this week, was already slightly down from the £52m the club are believed to have received annually from Chevrolet, but a reduction in the terms reported earlier in the week would be a blow, reports the Daily Mail.

While the exact figure is still uncertain, market experts have suggested the deal is a positive one for United.