Manchester United in sponsorship handle Bwin

16 August 2012

Manchester United has actually signed a three-year sponsorship handle sports betting business Bwin for an undisclosed quantity, making it the club's "official online gaming and betting partner".

Bwin is the t-shirt sponsor of Real Madrid and a partner to Bayern Munich.

Recently, United drifted 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 among the most significant sports clubs on the planet.

Last month, the club signed a t-shirt sponsorship bet9ja's welcome offer with US automobile brand Chevrolet which will begin in the 2014-15 season.

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

'Great chance'

"As Europe's leading online sports wagering operator, football is fundamental to our long-lasting success, comprising approximately half of our total sports wagering income of 261m euros ($320m; ₤ 204m) in 2011," said Norbert Teufelberger, co-chief executive of Bwin's parent business, Bwin.party.

"Man Utd has 569 million fans outside of Europe, providing us with a great opportunity to provide jointly developed and ingenious products in nations that do not yet enable real money online sports betting," he said.

Manchester United has actually been managed because 2005 by the Glazer household, the billionaire US sports investors who also own the yohaig code Tampa Bay Buccaneers Football franchise.

About half of the $233m that the club raised from its flotation will go to paying off the club's financial obligations, with the rest going to the Glazers.

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

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