Manchester United in sponsorship bet9ja's welcome offer with Bwin

16 August 2012

Manchester United has actually signed a three-year sponsorship deal with sports betting company Bwin for a concealed amount, making it the club's "official online gaming and wagering 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 exchange, raising $233m (₤ 150m), less than initially hoped.

The flotation values the club at more than $2.3 bn, making it one of the greatest sports clubs worldwide.

Last month, the club signed a t-shirt sponsorship handle US automobile brand Chevrolet which will begin in the 2014-15 season.

Manchester United now has 28 various sponsors, external, with Aon the club's main shirt sponsor.

'Great chance'

"As Europe's leading online sports betting operator, football is essential to our long-lasting success, comprising around half of our overall sports wagering income 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 a great opportunity to bet9ja's welcome offer collectively developed and ingenious items in countries that do not yet enable genuine cash online sports betting," he stated.

Manchester United has been managed considering that 2005 by the 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 paying off the club's debts, with the rest going to the Glazers.

Shares in the yohaig code club shut down at $13.77 in New york city, closing below their flotation price of $14 for the yohaig code very first time.

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