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German company TeamViewer saw its profits fall by 80% after signing a five-year, £235m deal with Manchester United last year.
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Then, Chevrolet replaced the Premier League jerseys, but probably no one in the company even thought that such a collapse would happen. In the latest financial report, published on Wednesday, a drop of 8% was recorded in the shares, and it is interesting that after the decision was made not to extend the contract valid until 2026, the same shares went up by 5%.
This development of events is very strange if you know that Manchester United is still the biggest football brand in Great Britain and the club with the biggest profit.
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