Manchester United look to build brand in Asia with Gulf Oil
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MANCHESTERMar 16, 2016 - 12:00 am GMT+3
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Mar 16, 2016 12:00 am
Manchester United said on Monday it had cut a three-year partnership deal with Gulf Oil International, showing the club's appeal as a global brand bears no sign of waning despite a relatively poor season.
The club, is struggling on the pitch and in danger of missing out on the lucrative Champions League for the second time in three seasons, said the deal would help increase the club's brand in Asia, where it says it has 325 million followers. Gulf Oil International is part of India's Hinduja Group.
United, who recently announced a 26.6 percent rise in total revenues for the quarter ending in December 2015, largely driven by the club's commercial activities, are in the first season of a 750 million pound kit deal with sportswear firm Adidas.
United's lengthy list of partners also includes car firm Chevrolet and financial services company Aon. The club expects revenue for the year to hit 500 million pounds which would be a first for a British club.
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