Man Utd confirmed lower sponsorship revenue when the first quarter figures were announced on Thursday.
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Manchester United have confirmed a decrease in sponsorship revenue in their first quarter financial results. The sponsorship revenue was £47million, which is a decrease of £4.8 million over the prior year.
That means sponsorship revenue has dropped by 9.3 per cent due to changes with the club's sponsorship agreements, following the expiration of the training kit deal with Tezos.
The Manchester Evening News revealed in the summer that the deal with Tezos was set to expire.
Tezos replaced AON as the club's training kit sponsor when they struck a £24m per season deal in 2022. The Tezos-branded training kit had been worn by United's first-team squad across the last three years, and the logo had also featured on the training kit worn by the women's team.
Matheus Cunha was pictured in a Tezos-sponsored hoodie in unveiling pictures when he signed from Wolves, but the deal had expired by the time of Bryan Mbeumo's arrival.
Although the sponsorship revenue has decreased in the latest figures, United sources have stated that sponsorship revenues were up slightly, if the training kit blow is excluded.
United are braced for further sponsorship uncertainty, though, because their sleeve sponsorship deal with DXC Technology will expire at the end of the season.
In the summer of 2022, DXC began to sponsor the sleeves of United's kits under an agreement believed to be worth £20million per season, but the deal will conclude after 2025/2026.
For four seasons, DXC has been featured on the club’s home, away and third kits, providing global brand exposure for the global tech company. The multi-year partnership has also seen DXC use their expertise to improve the way United engage with fans through their digital platforms.
The Premier League permitted sleeve sponsorship from the start of 2017/18. United announced the first sponsors of their sleeves, Kohler, for the following campaign under a multi-year agreement. That deal ended in 2022, which led to DXC coming in and sponsoring the sleeves.
The expiry of the DXC deal means United are in discussions to find a new sleeve sponsor and training kit sponsor.
Sources have outlined that there is a 'strong pipeline' of potential new sponsors.