Having landed a world-record shirt sponsorship deal with General Motors in July , soccer team Manchester United is looking to cash in once more after buying out training kit partner DHL . The English Premier League club signed a $ 559 million agreement with GM to have the Chevrolet logo on its shirts for seven years from 2014 onwards . And , despite signing a $ 64 million training kit deal with logistics firm DHL in 2010 , the Glazer family-owned team has already set its sights on securing a more lucrative endorsement . `` We have successfully negotiated an early buyout of our training kit agreement with DHL effective 30 June 2013 , '' read a statement from one of the world 's richest clubs , which has won the English league title a record 19 times and been crowned champion of Europe on three occasions . `` The significantly increased value of agreements concluded since entering into this agreement , such as our recent $ 559 million world-record shirt sponsorship with General Motors , leads us to believe that there should be strategic opportunities to further optimize the value of these rights . '' Back to the future : Black pioneer 's battle with racism . United has already announced two lucrative partnerships this month . First it entered into a three-year arrangement with Azerbaijani telecommunications company Bakcell , which became the club 's first broadcast partner in the country . Then food and beverage company Kagome became United 's official soft drinks partner in Japan . Despite incurring huge debts when the Glazers bought the club in 2005 , United has remained one of the most profitable teams on the planet . For the tax year ending June 30 2012 , United 's total income was £320.3 million ( $ 516.3 million ) . Meanwhile , Forbes Magazine ranked Alex Ferguson 's side as the most valuable in world sport , with a brand worth an estimated $ 2.23 billion . On the pitch , Ferguson will be without Shinji Kagawa for one month after it was announced the Japanese playmaker aggravated a knee injury during Tuesday 's European Champions League victory over Braga . `` Kagawa is out for three to four weeks with a knee injury , '' Ferguson told a press conference ahead of Sunday 's match with EPL leaders Chelsea . `` Playing on Tuesday did n't help . It is disappointing . '' Kagawa joined United from German champions Borussia Dortmund in June and has so far scored two goals for the club .
Manchester United buys out DHL from training kit sponsorship package . Score: 6 United signed a world-record $ 559 million sponsorship deal with GM in July . The club has recently signed partnerships with Bakcell and Kagome .