Wonga

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Randy712

Randy712

Member
Jan 25, 2011
134
20
18
London
Please someone tell me this is a joke. Rumours are rife that Wonga are the new sponsors (only offering 8mill/year for stadium and shirt as apposed to Virgin's 10 for shirts alone).

Worst of all - renaming of the Stadium from SJP to SDA to simply 'Wonga'.

Welcome to Wonga - Mike you've done it this time.
 
As far I was aware the Virgin deal, as a whole, was a 2 year deal worth £10m for the shirt sponsor alone meaning £5m per season. Wonga offering £8m per season for 3 years meaning we get £24m for nowt. Seems like a good deal to me and I really couldn't careless what commercial sponsorship we get. We'll always be NUFC and we'll always play at SJP.
 
MrToontastic said:
As far I was aware the Virgin deal, as a whole, was a 2 year deal worth £10m for the shirt sponsor alone meaning £5m per season. Wonga offering £8m per season for 3 years meaning we get £24m for nowt. Seems like a good deal to me and I really couldn't careless what commercial sponsorship we get. We'll always be NUFC and we'll always play at SJP.
Click to expand...

Won't be wearing a top with Wonga on though. Can you imagine the snide remarks we'd have to put up with.
 
@Scottwilsonecho: The Telegraph claiming #NUFC are poised to announce Wonga as new shirt and stadium sponsors. Wonga Park anyone??
 
Wonga, which has faced criticism for its high interest rates, is poised to replace Virgin Money from the start of the 2013/14 season.
Picture: GETTY IMAGES
By James Quinn, Deputy Sunday Business EditorLast Updated: 9:07PM BST 06/10/2012
Wonga, the payday lender, is in detailed talks to become the new sponsor of the Premier League football club, Newcastle United.

The consumer finance company, which has faced criticism for its high interest rates, is poised to replace Virgin Money from the start of the 2013/14 season.

The Sunday Telegraph understands Wonga will sponsor both the shirts and the club's stadium in a deal believed to be worth £8m a year.

Although Virgin Money, whose contract was terminated last week, is only the shirt sponsor, it is known the club's owner, Mike Ashley, has been looking to sign a joint shirt and stadium sponsor.

This weekend the deal had not yet been finalised, but it is understood that it should be signed within a fortnight.

It is expected the deal will begin from the start of the 2013 season, and last for an initial three years.

The stadium, named the Sports Direct Arena after Mr Ashley's sportswear retailer, will be renamed Wonga.

It is not the first time the lender has been involved in football. Wonga is shirt sponsor for Championship side Blackpool, in a deal which currently runs until the end of the 2012/2013 season.

Earlier this year the company's deal with the Football League, in which it advertised on club websites, ended just before fans were to vote on a call for the adverts to be removed from the sites amid concerns about the level of interest charged on its loans.

News of the impending Newcastle sponsorship comes as Wonga filed detailed accounts for the year ended December 2011 at Companies House.

The numbers – providing a greater insight than the headline figures released last month – show that the company's cash balances were just shy of £135m at the end of December 2011. The overall cash position rose by £41m in the year, despite also paying off debts of £9.5m, meaning it is now debt-free.

A Wonga spokesman did not comment.
 
So...

Who'd buy a Wonga shirt then? Could be 3 years of very poor shirt sales unless Puma pull a cat out of the bag...

It does make a bit of sense, considering the company clearly don't care about bad publicity, but even if this is Mike, I'd still be massively shocked if this reached fruition. Perhaps a marketing ploy to make whoever comes in seem like a saviour?
Why did the Virgin deal even end? Was it because Branson lost out on the rail network?

Oh well, if it gets us Debuchy and keeps our stars for a few more years, I guess I'll have to fall into line... I bet we'd end up with a Wonga leaflet in our ST stash telling us how easy it could be to pay for next year's ticket with one of their special interest loans <whistle>
 
For us fans, it seems a horrible deal...

For Wonga, if it were true I think they've made a great move.
They aren't known by too many people and this would bring them a huge hike in bringing their awareness to many parts of the world though...

Let's hope this isn't true <yikes>
 
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