The statement adds: ‘Having successfully implemented short-term measures to improve the bottom line, such as parts of ReMax and the refinancing, the company is now increasingly focusing on medium-term measures to ensure and increase its high profitability.
While the partnership and its brand-building effect has been positive over the past year, the company has decided to reassess its long-term marketing strategy in light of the current macro environment.’
Manchester United report UK£115.5m loss for 2021/22Ĭonfirming the decision in its second quarter statement, TeamViewer said: ‘TeamViewer does not intend to extend the sponsorship agreement with Manchester United beyond its term.
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