Man Utd ‘in talks’ on new £70m shirt sponsor as Woodward bids to back up claim

Manchester United chief Ed Woodward is reportedly lining up a lucrative new shirt sponsorship deal as he looks to make good on his financial promise.

United's shirts have carried the logo of US car giant Chevrolet since 2014, with the deal worth a world-leading £64million per year.

The contract with Chevrolet was due to expire this summer before the Red Devils triggered their option to extend it until December 2021 amid the financial uncertainty of the coronavirus pandemic.

But it appears that will be the end of the line for United and Chevrolet, as Woodward has set his sights on a new sponsor which will stump up a whopping £70million per season.

That's according to The Sun , which adds negotiations are underway with a 'mystery' software company based in America.

The new deal would come as a major boost for the Old Trafford hierarchy after their latest set of financial results showed the club's net debt totals £455.5million.

United's debt has increased by £64.2million over the last 12 months, but executive vice-chairman Woodward claimed United should feel "optimistic" about their commercial strength going forward.

Do Manchester United have the financial power to pull off big-money transfers this summer? Have your say in the comments.

"As we approach a full year since our last game with fans at Old Trafford, we reflect on an extraordinarily challenging 12 months for football and society as a whole," said Woodward.

"The rapid rollout of vaccines in the UK and beyond gives us confidence that we are now on a path towards normality, including the return of fans to stadia.

"While the disruption to our operations remains significant, we are pleased by the tremendous resilience the club has demonstrated through the pandemic, underpinned by the dedication of our people and the strength of our commercial business.

"We have been reminded of the importance of football as a source of community, entertainment and pride to fans around the world, even as we have sorely missed them at Old Trafford.

"The progress made by Ole and the players this season is clear and our thriving Academy and Women’s team are also adding to the optimism we feel about the future on and off the pitch."

Sign up to the Mirror Football email here for the latest news and transfer gossip.

Source: Read Full Article