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Manchester United to end sponsorship deal with Russian airline Aeroflot

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Reports from England say Premier League side Manchester United are set to cancel their nine years sponsorship deal with Russian airline Aeroflot following Russia’s invasion of Ukraine.

Manchester United CEO, Richard Arnold, is looking to cut short the current partnership deal that runs until 2023.

Manchester United say continuous association with Russia’s Aeroflot airline will cause global damage to their brand.

The two parties first teamed up back in 2013, with Aeroflot becoming the club’s official carrier ever since.

Read Also: Uefa to move Champions League final away from Russia to Wembley

They then penned a deal for the sponsorship to continue in a deal worth ÂŁ40million back in 2017.

Moneycentral hints that Manchester United are seeking an alternative official carrier with Qatar Airways as possible option.

Manchester United’s Aeroflot flight to Madrid on Tuesday for the Champions League tie against Atletico was cancelled at the last minute due to the ongoing situation in Ukraine.

Ralf Rangnick’s men instead had to scramble a plane from UK-based charter airline Titan Airways to travel for their game.

Also, this year’s Champions League final is set to be moved from Russian city St. Petersburg.

Uefa president Aleksander Ceferin has summoned an ‘extraordinary meeting’ of his ruling executive committee for 9am on Friday.

The Gazprom Arena is likely to be stripped of the honour of hosting the match for Europe’s biggest prize.

Wembley is an alternative venue for the showpiece final, scheduled for May 28.

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