15-12-2022, 10:43 PM
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How weird.
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15-12-2022, 10:51 PM
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I don't think teamview had the cash to carry on the deal.
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15-12-2022, 10:53 PM
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No idea what this means ?
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15-12-2022, 10:56 PM
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100% can't afford to carry on the deal. |
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15-12-2022, 10:57 PM
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Quote:
Or perhaps not: "Petrus Advisers, an activist fund that has a three percent stake in TeamViewer, has accused the company of "appalling judgment" in its deals with Mercedes and Manchester United. According to Bloomberg, via a letter from Petrus to TeamViewer executives, it has warned it will not tolerate the company spending more than £61million [€70m, $73m] on the deals which are around 1.4 times its net profit. Manchester United is reportedly being paid £47.5million [€54m, $57m] per year for a shirt sponsorship deal that runs through to 2026. Mercedes has a contract through to the end of 2025 but its value is unknown. In the letter from Petrus, it demanded TeamViewer "stop bleeding millions and rapidly disengage from this mess. It added: “We, therefore, demand that you enter professional exit discussions with a clear goal of a quick solution and that you do it immediately.” In response, TeamViewer said via a statement it "values constructive interaction and dialogue with investors and is fully dedicated to the common goal of long-term value creation, and that it was continuously assessing its financial position. It added: "As a result, TeamViewer had announced - as part of its Q2 communications - not to prolong the Manchester United partnership beyond its initial term. "In addition, the company has already communicated its desire to explore opportunities to amend the existing contract." It did not mention Mercedes in its statement, however, it is understood TeamViewer wishes to continue with the team as the deal works on an enterprise level and it recognises the growing value of F1 at present." https://www.gpfans.com/en/f1-news/96...ester%20United. (No idea of the veracity of the site tho) |
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15-12-2022, 10:57 PM
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15-12-2022, 11:12 PM
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Out of business by March 31st utd
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15-12-2022, 11:18 PM
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Teamviewer cant afford it/cant afford to upset significant shareholder. Glazers believe they priced it too cheaply during Covid. Win win all round.
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16-12-2022, 01:21 AM
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16-12-2022, 01:37 AM
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Pilib de pleb
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16-12-2022, 07:14 AM
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16-12-2022, 07:20 AM
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Weird guy Philippe... So team viewer are bringing United to its knees ? Nothing to do with the fact they are in serious money trouble themselves.... Happened with Vodafone, happens all over the place... Hope we manage to find a new sponsor, I'm so worried... |
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16-12-2022, 09:23 AM
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team viewer was always an odd one
bit of outdated b2b software focusing on football?! |
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16-12-2022, 09:44 AM
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ABUs coming out of their sewers the moment we finally get a bit of good news with the glazers £#%&!ing off. Imagine the club run as a proper football club, the pull and name that we have is historic . It doesn’t just go away. |
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16-12-2022, 10:19 AM
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That fat headed moron Pilib is wrong about everything. Absolute grifter.
As has been said, TeamViewer are in trouble. If we didn’t think we could make as much money we wouldn’t have let them out of the contract. As it is, they’re still going to be paying us millions of dollars for absolutely nothing, and we’ll have the income from a new sponsor on top of that. It’s potentially a great bit of business for us, and also provides a bit of extra incentive for any potential buyer, as they’re not tied to having that £#%&! Team Viewer logo on the front now. |
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16-12-2022, 11:11 AM
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A utd kit without a sponsor for a bit will be a thing of beauty
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16-12-2022, 02:39 PM
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 I worked on a project with his colleague in Asia. Was a Liverpool supporting scouser. Hated having to promote United 
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17-12-2022, 04:12 PM
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👀 |
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17-12-2022, 04:20 PM
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That’s horrific.
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