TeamViewer have confirmed that they will not extend their shirt sponsorship deal with Manchester United when their current agreement expires in 2026.
The German software company agreed a £47m-a-year deal with United just 18 months ago - a sum which was criticised by a number of financial experts - but have seen share prices fall by 80% since taking over from former sponsors Chevrolet.
While external factors have contributed to the company's tricky financial situation, the £235m deal has been blamed by many for leaving TeamViewer in turmoil.
"The international awareness of the brand was clearly increased last year through the partnership [with United]," a TeamViewer statement read. "Nevertheless, the company has decided to review its long-term marketing strategy in light of the current macro-economic environment."
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