Manchester United confirm four year deal with Virgin Money
Manchester United and Virgin Money's latest deal is only beneficial for their supporters only in the UK.
Manchester United have completed another commercial deal on Tuesday with Virgin Money becoming the club's official financial services partner in the UK.
The two iconic brands in the United Kingdom, the Premier League giants and Virgin Money have signed a four-year deal, which is set to roll out from the start of the 2016-17 season.
A statement on United's official website read, "Virgin Money is Manchester United's new financial services partner in the UK, in an alliance that brings together two innovative industry leaders."
"From the start of the 2016/17 season, Virgin Money will be the Official Retail Financial Services Partner of Manchester United in the UK."
After completing the deal, United group managing director Richard Arnold explained the benefits United fans in the UK can avail. He remains confident the latest deal will be a successful one.
"This exciting partnership brings together for the first time two iconic brands; two industry leaders who have a reputation as innovators in their fields," Arnold explained.
"I have every confidence the values we share will make this partnership a great success, above all for our loyal fans who will soon be introduced to a range of products that will bring them even closer to the club they support."
Meanwhile, Virgin Money's chief executive officer Jayne-Anne Gadhia has hailed the deal and has revealed his firm are planning for special products for United fans.
"We're proud to be the official UK financial services partner of Manchester United FC. This new partnership enables us to combine Virgin Money's excellent financial products and customer service with the reach of Manchester United, one of the biggest football clubs in the world," Gadhia said.
"We're going to create some very special products and exclusive offers designed especially for fans, with real rewards that money can't buy. We'll be launching those soon and can't wait to get started."
United's deal with Virgin Money will only be beneficial for the club's supporters based in the UK and also the latter's three million customers in the same country. The Red Devils' latest deal will not be of any help to the supporters outside the UK.