Newcastle cutting short Fun88 sponsorship to free up shirt inventory, says report – SportsPro Media
- Newcastle signed ‘long-term’ extension with Fun88 in 2020
- Club aiming to pen lucrative new sponsorship after Saudi-led takeover
- Aramco and Saudia linked with deal
English top-flight soccer club Newcastle United are in the market for a new front-of-shirt sponsor after negotiating an early release from their deal with Chinese sports betting brand Fun88, according to the I.
The Premier League outfit initially signed a deal with Fun88 in 2017, before inking a ‘long-term’ extension with the firm in July 2020. The initial contract was reportedly worth in the region of UK6.5 million (US$8.1 million) per season.
However, the I newspaper reports the pair have agreed to part ways after the 2022/23 campaign. That will open the door for Newcastle to secure a more lucrative main commercial sponsor, following their takeover by Saudi Arabia’s public investment fund (PIF) last October. There has been speculation that the club will seek a pact with a large Saudi company such as the Saudia airline…
Read Full Story: https://www.sportspromedia.com/news/newcastle-united-shirt-sponsor-fun88-saudi-arabia-pif/
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source: https://news.oneseocompany.com/2022/06/09/newcastle-cutting-short-fun88-sponsorship-to-free-up-shirt-inventory-says-report-sportspro-media_2022060921380.html
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