NEW YORK -- Manchester United will receive $559 million under its seven-year shirt sponsorship agreement with General Motors Co.'s Chevrolet division.
固政人 GM精 7鰍娃 5常 9900幻 含君税 偲苧 什肉辞研 故醸柔艦陥.
Chevrolet takes over from the insurer Aon starting with the 2014-15 season. Manchester United said it will receive $70 million during the first season of the new deal.
The agreement was signed July 26 and announced Monday. The financial details were disclosed by the soccer team Friday in a filing with the U.S. Securities and Exchange Commission as part of Manchester United's planned initial public offering of stock.
7杉 26析劾 辞誤馬壱 杉推析拭 降妊梅壱 嬢村壱 煽村壱...
United said the payment will increase 2.1 percent annually during the deal, which runs through the 2020-21 season. In addition, the Red Devils said the agreement calls for them to receive about $18.6 million in fees in each of the 2012-13 and 2013-14 seasons.
General Motors announced the resignation of its chief marketing officer, Joel Ewanick, on Sunday night. Ewanick had been involved in negotiating the deal.
GM精 原追特 眼雁昔 Joel Ewanick税 背壱研 降妊梅柔艦陥. Joel Ewanick精 戚腰 渠税 肺宿 昔弘脊艦陥.
"Mr. Ewanick failed to meet the expectations the company set for its employees," spokesman Greg Martin said Friday, declining additional comment.