Manchester United's new shirt sponsor TeamViewer suffered a share slump on Friday as concerns over the cost of the sponsorship deal mounted. But Bloomberg report that the stroke dropped as much as 16 per cent on Friday, and they are not the first company to have a negative impact after partnering with Manchester United. 'There are fewer companies in the market place now,' said Dr Rob Wilson, head of finance at Sheffield Hallam University. 'From a corporate point of view, companies have seen a downturn and it does not look right to spend a lot of money on shirt sponsorship. 'And as a proposition Manchester United is not as strong as it used to be.

Source: Daily Mail March 20, 2021 19:31 UTC