Newcastle United Shirt Deal Increases By 300%
It has just been revealed that Newcastle United’s latest shirt deal with Virgin Money actually went up by 300% compared to the previous agreement, increasing from the £2.5m a year Northern Rock contract to £10m a year with Virgin.
The latest figures show Newcastle only behind the likes of Manchester City, Manchester United and Liverpool on £20m per year, plus Chelsea who bring in £13.8m.
Spurs also have a £10m per year shirt agreement but also profit from a separate £5m deal for Cup matches, while Manchester United now profit from a ground breaking £10m training kit deal.
The strangest deal is our friends down the road who when they launched their ‘Invest In Africa’ deal recently, declared it to be a, “…ground breaking not for profit initiative”, but which is now revealed to be capable of reaching a massive £20m if various targets are met. I think that Champions League, Premier League, FA Cup treble is a shade unlikely….
Makes fascinating reading at the sportingintelligence.com website where you can read more
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