David Kinsman, Chief Operating Officer of Mansion, has accused Manchester United of “double-dealing” after the Red Devils admitted to have been in talks with another unnamed company.
United said in a statement: “We would understand why anybody would be disappointed at not securing the shirt sponsorship deal for Manchester United.”
“We have not and do not enter into periods of exclusive negotiation and every party we have discussed the shirt sponsorship with are aware of that. All the parties were aware that several discussions were going on at the same time and our priority is to look for the most appropriate deal for Manchester United.”
“It’s only the third time we have sold this property and clearly we want to get it right. We have been having discussions with Mansion, and we are sorry they feel that way and wish them every success in the future.”
“We are very disappointed at the manner in which Manchester United have concluded these contract negotiations and are very surprised that the discussions were terminated at this late stage, in what we consider to be an unprofessional manner,” said David Kinsman, COO of Mansion.
The online sportsbook and betting exchnage said in a statement: “We announce that discussions with Manchester United worth between £65-£70million over four years, have been terminated. Over the weekend, the club informed our negotiation team that throughout their discussions another company have been simultaneously agreeing a deal with the club.”
“Mansion\’s offer, to be satisfied entirely in cash, with substantial up front payments, would have been a significant deal for Manchester United. In addition to the cash offer, the deal would have included a revenue share opportunity for the club in a co-branded online gaming product, potentially raising further revenue for both parties in international markets.”
“Manchester United also wanted provisions in the deal to include the purchase of up to 20% of Mansion should an IPO of the company ever take place.”
“We are now actively seeking another major sponsorship deal in the English Premier League. The company are currently reviewing a variety of opportunities to partner a club with an international fan base.”
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