subject: Wonga Might Become Sponsor For Newcastle Club [print this page] Wonga which is an important player in the financial industry of payday lender is having full-fledged talks so that it can get the tag of becoming the new sponsor of the Premier League football club Newcastle United. Wonga is consumer finance company which had come across a lot of criticism because of high rate of interest it charges from people to whom it lends money. It is now under discussions of taking over Virgin Money in the form of the new sponsor for the new season that is starting from 2013-14.
One of the newspapers is of the view that the deal wherein, Wonga is going to become the sponsor of both the stadium of the club along with the shirts is somewhere around 8 million pounds in a year. The deal along with Virgin Money had come to an end only during the last week, but they were only the sponsor of the shirts. It is now being said that the owner of the club. Mike Ashley was someone to sign a deal that will be looking up for both stadium as well as shirts.
Although the deal did not get final in the last weekend but it is being said that in the coming fortnight, both the parties will be signing on the dotted line. There are chances that the implementation of the deal which done from the new season of 2013, and will be going on for at least three years. The stadium which is known as the Sports Direct Arena on the retail sportswear company of Ashley, will now be named again on the name of Wonga. Apply now with 12 month payday loans and get quick monetary help today.
It is actually not for the first time that this money lending company has got in contact with football. Prior to this also Wonga is also the sponsor of shirts for Championship side Blackpool. This deal is going to come to an end in the season of 2012-13. In the first half of this year, the deal of company along with the Football League, for which it also given an advertisement in the website of the company had come to an end before the event when the fans had to cast a vote that these ads should be done away with as there were concerns about the rate of interest which were being charged from them in exchange of offering loans. Some talks about the pending Newcastle sponsorship has also come up after Wonga had got into detailed filling of the accounts for the ending of the year in the December month of the last year.
