London, Jan 22: English football club Manchester United is hoping to land a 125million-pound sponsorship deal with Saudi Telecom.

The club had ended their deal with ailing insurers AIG, and are looking into finding a new sponsor, reports the Sun.

The American insurance corporation had confirmed on January 21 that they would not be renewing their shirt sponsorship deal worth 19million pounds a year at the end of next season.

Man U already has a branding deal in the Middle East with Saudi Telecom, where the club is hugely popular.

As per a club spokesman, they are "confident" that they will get a better deal than the AIG one.

They are also in talks with Indian financiers Sahara for the sponsorship. (ANI)