Newcastle sign shirt sponsorship deal with Saudi firm
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Given the fortunes available to the top six clubs through commercial deals, mid to low level Premier League clubs feel compelled to capitalise on every opportunity available to close the gap financially on England's elite clubs. The latter two are fixed, at least for this season, but the new owners would be expected to move quickly to increase income from sponsorship. Football clubs generate income through ticket sales, broadcast revenue and commercial deals.
I'm focused on my displays and improving myself, and I'm really happy to have signed this contract." "I have been focused on football always, but it's good to know it's now official and people will know it. The consortium expected to takeover Newcastle is funded by the Saudi Arabia Public Investment Fund. The Toon will be the wealthiest team in world football, with the Investment Fund worth a staggering £320 billion.
Newcastle will play in the Champions League next season for the first time in 20 years after finishing fourth in the league in their first full season since the PIF-led takeover, which was rubber-stamped in October 2021. Manchester City's development after it became majority owned by Sheikh Mansour, who has an estimated individual net worth of at least £17billion, in 2008, is an interesting comparator for Newcastle's potential trajectory. Newcastle's current shirt deal with the gambling company, Fun88, was signed in 2020 and is worth £6.5m per season.
It is not unusual for shirt sponsorships to have renegotiation clauses in the contract. The 21-year-old midfielder arrived at St James' Park on loan in July with the possibility of a full transfer included in the deal, and has done so well on Tyneside that the club has handed him a five-year contract. If you enjoyed this write-up and you would certainly like to obtain additional details pertaining to fun88 เข้าระบบ kindly visit the web site. The ban was lifted two months later, but the league said such will be subject to scrutiny from an independent panel to ensure they reflect a "fair market value" and are not a means of distorting revenue to allow for greater spending under Financial Fair Play rules.
I'm happy to be here for five more years and I hope to keep playing for this club and to give good things to all the people and the club. Merino said: "I'm really happy to be here, and for this part of the contract to finally be official. June 10 (Reuters) - Newcastle United signed a multi-year shirt sponsorship deal on Friday with a Saudi Arabian company linked to the club's owners, an agreement which may be scrutinised under the Premier League's rules on associated party transactions.
British media reported Newcastle's deal with events company Sela was worth 25 million pounds ($31.42 million) annually. Sela will replace Chinese gambling firm Fun88 on the front of Newcastle's match day shirts. FA DIG HEELS IN: Despite government calls, they WILL... FA risk backlash from TV partners with chief executive... MARTIN SAMUEL: The FA pitch themselves as guardians of... After betting furore, the FA now offer live Cup... He has to keep working hard and playing well, and hopefully he can improve and enjoy playing here." Benitez added: "He has made a great impression at the club, and he is a good professional.
He has confidence, but he is still young and has things to improve.
I'm focused on my displays and improving myself, and I'm really happy to have signed this contract." "I have been focused on football always, but it's good to know it's now official and people will know it. The consortium expected to takeover Newcastle is funded by the Saudi Arabia Public Investment Fund. The Toon will be the wealthiest team in world football, with the Investment Fund worth a staggering £320 billion.
Newcastle will play in the Champions League next season for the first time in 20 years after finishing fourth in the league in their first full season since the PIF-led takeover, which was rubber-stamped in October 2021. Manchester City's development after it became majority owned by Sheikh Mansour, who has an estimated individual net worth of at least £17billion, in 2008, is an interesting comparator for Newcastle's potential trajectory. Newcastle's current shirt deal with the gambling company, Fun88, was signed in 2020 and is worth £6.5m per season.
It is not unusual for shirt sponsorships to have renegotiation clauses in the contract. The 21-year-old midfielder arrived at St James' Park on loan in July with the possibility of a full transfer included in the deal, and has done so well on Tyneside that the club has handed him a five-year contract. If you enjoyed this write-up and you would certainly like to obtain additional details pertaining to fun88 เข้าระบบ kindly visit the web site. The ban was lifted two months later, but the league said such will be subject to scrutiny from an independent panel to ensure they reflect a "fair market value" and are not a means of distorting revenue to allow for greater spending under Financial Fair Play rules.
I'm happy to be here for five more years and I hope to keep playing for this club and to give good things to all the people and the club. Merino said: "I'm really happy to be here, and for this part of the contract to finally be official. June 10 (Reuters) - Newcastle United signed a multi-year shirt sponsorship deal on Friday with a Saudi Arabian company linked to the club's owners, an agreement which may be scrutinised under the Premier League's rules on associated party transactions.
British media reported Newcastle's deal with events company Sela was worth 25 million pounds ($31.42 million) annually. Sela will replace Chinese gambling firm Fun88 on the front of Newcastle's match day shirts. FA DIG HEELS IN: Despite government calls, they WILL... FA risk backlash from TV partners with chief executive... MARTIN SAMUEL: The FA pitch themselves as guardians of... After betting furore, the FA now offer live Cup... He has to keep working hard and playing well, and hopefully he can improve and enjoy playing here." Benitez added: "He has made a great impression at the club, and he is a good professional.
He has confidence, but he is still young and has things to improve.
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