Barclays Premier League

$559m boost for Man United

2012-08-04 09:33
Manchester United (File)

New York - Manchester United will receive $559m in their seven-year shirt sponsorship agreement with General Motors Co.'s Chevrolet division.

Chevrolet takes over from the insurer Aon starting with the 2014-15 season. Manchester United said they will receive $70m during the first season of the new deal.

The agreement was signed July 26 and announced on Monday. The financial details were disclosed by the club on Friday in a filing with the US Securities and Exchange Commission as part of Manchester United's planned initial public offering of stock.

United said the payment will increase 2.1% annually during the deal, which runs through the 2020-21 season. In addition, the club said the agreement calls for them to receive about $18.6m in fees in each of the 2012-13 and 2013-14 seasons.

General Motors announced the resignation of its chief marketing officer, Joel Ewanick, on Sunday night. Ewanick had been involved in negotiating the deal.

"Mr. Ewanick failed to meet the expectations the company set for its employees," spokesperson Greg Martin said Friday, declining additional comment.

NEXT ON SPORT24X

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
3 comments
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk

Fixtures
08 August 2015
Stoke City v Liverpool, Britannia Stadium 16:00
Norwich City v Crystal Palace, Carrow Road 16:00
Arsenal v West Ham United, Emirates Stadium 16:00
Bournemouth v Aston Villa, Goldsands Stadium 16:00
Everton v Watford, Goodison Park 16:00
Leicester City v Sunderland, King Power Stadium 16:00
Manchester United v Tottenham Hotspur, Old Trafford 16:00
Newcastle United v Southampton, St. James' Park 16:00
Chelsea v Swansea City, Stamford Bridge 16:00
West Bromwich Albion v Manchester City, The Hawthorns 16:00
15 August 2015
Liverpool v Bournemouth, Anfield 16:00
West Ham United v Leicester City, Boleyn Ground 16:00
Manchester City v Chelsea, Etihad Stadium 16:00
Swansea City v Newcastle United, Liberty Stadium 16:00
Crystal Palace v Arsenal, Selhurst Park 16:00
Southampton v Everton, St. Mary's Stadium 16:00
Sunderland v Norwich City, Stadium of Light 16:00
Watford v West Bromwich Albion, Vicarage Road 16:00
Aston Villa v Manchester United, Villa Park 16:00
Tottenham Hotspur v Stoke City, White Hart Lane 16:00
22 August 2015
West Ham United v Bournemouth, Boleyn Ground 16:00
Norwich City v Stoke City, Carrow Road 16:00
Arsenal v Liverpool, Emirates Stadium 16:00
Everton v Manchester City, Goodison Park 16:00
Leicester City v Tottenham Hotspur, King Power Stadium 16:00
Manchester United v Newcastle United, Old Trafford 16:00
Crystal Palace v Aston Villa, Selhurst Park 16:00
Sunderland v Swansea City, Stadium of Light 16:00
West Bromwich Albion v Chelsea, The Hawthorns 16:00
Watford v Southampton, Vicarage Road 16:00
Logs
Team P W PTS
Vote

With the season all but done, are you happy with your side's performance?

 
 
/Sport
Men
Women
Love 2 Meet
Featured

Got something you'd like to get off your chest? Got a burning desire to air an opinion? If so, be sure to sign-up on Sport24's FORUM!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.