Manchester United Scores Big with Qualcomm: £60M Per Year Game-Changer
Portfolio Pulse from Vandana Singh
Manchester United Ltd (MANU) has confirmed a strategic collaboration with Qualcomm Inc's (QCOM) Snapdragon brand, which will be displayed on the club's jerseys. The deal is reportedly worth £60 million ($74.92 million) per year for a minimum of three years. This follows a £900 million 10-year renewal with Adidas. QCOM shares are up 0.27% at $111.53 and MANU shares are up 0.15% at $19.76.
September 13, 2023 | 11:56 am
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Manchester United has secured a lucrative deal with Qualcomm's Snapdragon brand, potentially boosting its revenues.
The new deal with Qualcomm's Snapdragon brand is a significant revenue opportunity for Manchester United. This could positively impact the company's financial performance and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Qualcomm's Snapdragon brand has secured a high-profile partnership with Manchester United, potentially increasing its brand visibility.
The partnership with Manchester United provides Qualcomm's Snapdragon brand with high visibility, potentially leading to increased brand recognition and sales. This could positively impact Qualcomm's financial performance and potentially its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100