Newcastle to consider sponsor and manufacturer alternatives
Championship contenders Newcastle United has recently announced that Mike Ashley will continue in his role as club chairman.
Ashley, who has recently appointed Chris Hughton as the permenant manager, will be injecting a further £20 million into the team. However, controversial plans to possibly rename St James Park alongside other projects have raised fresh doubts from Newcastle supporters.
A statement was issued by the club on Tuesday, outlining the plans for the future of the club.
“The club aims to maximise its commercial revenues; this includes renegotiating its club sponsor and kit deal, which expire at the end of this season, as well as welcoming offers for the stadium naming rights for next season.”
“Hence, we understand that Newcastle will be looking at various possibilities when it comes to finding a new kit sponsor and manufacturer. The present deals with Adidas as shirt manufacturer, and with Northern Rock as the shirt sponsor will expire at the end of the present season. Promotion to the Premier League would ensure that the club obtains excellent new deals. The club has been sponsored by Adidas since 1995, and we believe that the deal will actually be renewed. Not the same can be said for Northern Rock, the now-nationalised UK bank which was previously on the brink of bankruptcy due to the mortgage financial crisis had it not been for the UK government’s intervention. The bank has only been sponsoring the club since 2003, and it is understood that Newcastle are already looking at possible replacements. Further developments are expected in the coming months.”