This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Mortgages

Newcastle United calls time on Virgin Money sponsorship deal

  • Print
  • Comment

Newcastle United Football Club has chosen to end its two-year sponsorship deal with Virgin Money a year early.

The agreement was due to run until the end of the 2013/14 season, coming to an end in May 2014, but the club has decided to exercise a clause in the sponsorship deal which states either party could terminate the agreement early by giving notice.

The deal will now run until Newcastle’s last game of the 2012/13 season in May.

Northern Rock, which was acquired by in January Virgin Money in a deal that could reach £1bn, signed the £10m four-year sponsorship deal with the club in January 2010.

Virgin Money assumed the sponsorship in January, after acquiring Northern Rock.

It is not yet known who will sponsor Newcastle next season.

Virgin Money chief executive Jayne-Anne Gadhia says: “We were delighted to sponsor Newcastle United given the club’s importance to the North East and had hoped that this would be a relationship that would flourish for years to come. However, they have found a different option and we have to respect that.

“We remain sponsor until the end of the current season and the Virgin Money name will continue to be worn on the iconic black and white shirts until then.  We hope it is a really successful season and, of course, we wish the team and fans all the very best for the future, as they strive to build on Newcastle United’s proud heritage.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments