United signs long-term deal with Aon - FOXSports.com

UpdatedAApr 7, 2013 7:49 PM ET Manchester United has bought the naming rights to its training ground as part of a sponsorship cope with insurance firm Aon estimated to be worth $230 million, another sign of the Premier League leader's off-field money-making skills. The eight-year contract with Aon starts in July and involves having the company's logos printed on the instruction package at United, which can be on course to win a record-extending 20th English name in the coming weeks. Aon's name currently appears on United's key fit system in a million, four-year deal, but General Motors Co.'s Chevrolet team gets control that sponsorship in a million, seven-year deal from the 2014-15 year. Financial details of the newest Aon deal were not publicly revealed, however it is estimated to be worth $230 million over nine years and will even see the organization give United with business experience. Its previous training kit sponsorship deal was bought out by united with specific delivery and freight company DHL early in a to secure more income, with that agreement having been worth around $65 million over four years. The membership has no plans to sell the rights to its main stadium, while United is now also attempting to sell the naming rights to its huge education center at Carrington in south Manchester. ''Old Trafford won't be sold,'' United's executive vice chairman, Ed Woodward, said Sunday. Because being purchased by the American Glazer family in 2005, United has been rapidly raising cash through global sponsorship deals. United, which will be shown on the Brand New York Stock Market, recently forecast in 2013 to record income of at least 350 million pounds ($537 million). The economic power has been matched on the industry this season, with United near finding the Premier League trophy from Manchester City, keeping a lead over its neighbor heading into Monday's final derby of the season. Due to the imminent expectation of silverware after finishing last year empty approved, protests against the Glazers family have already been non-existent this year. Forbes said in January that United's venture value, which subtracts debt from money value, has risen to $3.3 billion, the best for just about any sports team on the planet.

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