This wreaks of Mike and Derek finally realising they got it wrong. They've simply got Wonga to take the climb down for them!
It's also worth remembering that Virgin Money benefited from the use tax payers money - eg. the money of all NUFC fans - in order to make the risk-free takeover of Northern Rock before then making several hundred North Eastern workers redundant.
This wreaks of Mike and Derek finally realising they got it wrong. They've simply got Wonga to take the climb down for them!
This wreaks of Mike and Derek finally realising they got it wrong. They've simply got Wonga to take the climb down for them!
An important point to consider..... if you have bairns it is possible that the kids shirts will not be allowed to display the sponsor as it relates to an over 18's activity (i.e. taking out loans). I know the mackem tops for kids were without the sponsor for Tombola... albeit that was gambling....
Have they really got it wrong?
They've just generated millions of £s of sponsorship to name the stadium what it was always called... money for nothing - genius if you ask me.
Yes I think they categorically got it wrong. I think you are giving them way way too much credit. You'd have to be surpremely naive to think this is the plan they had in mind all along. They've just got lucky for me and I'll be honest and say it is a quite brilliant way of appeasing the fans, getting more money and getting fans to accept an unpopular sponsor.
Personally I think the money is for the shirt deal. This is just a little cunning plan they've dreamed up as a way round the issue of their renaming faux pas.
I've had a change of heart since beginning this thread. Come to think of it, I'm now pretty much in favour of Wonga. Its a short-term lender, emphasis on the short-term. I read that if one draws £100 on day 1, and on day 10 the entirety is repaid, the interest is £11.12 - not too unreasonable for a "short-term" lender.
The problem is when people use these companies for a long-term fix, but in my opinion there has to be some form of cognitive impairment in those who rely on these companies to solve their long-term financial constraints.
Also, the morality issue is being touched on heavily, but i don't see the difference between this and gambling/casino's sponsoring teams being immoral to those with an addiction, or alcohol companies prying on alcoholics. We were sponsored by the Breweries! Didn't see much of an uproar then.
In my opinion, i think this is just an event that many fans/journo's try and hold against Mike Ashley etc for his previous mistakes. I would like to think he's running quite a good business model now.
Thoughts?


Warm Pouch - its precisely that last sentence that tends me to overlook the supposed downsides of this particular sponsor.
Nothing like a good old change of heart after the deal is done and dusted lmao

Wuldn't the same have applied to Northern Rock in that case?
Albert
Just to let you know that I'm hammering straight those letters as I type![]()