St James' Park to return as part of Wonga and NUFC deal

St James' Park: Wonga deal reinstates the stadium's original name
St James' Park: Wonga deal reinstates the stadium's original name

Newcastle United has confirmed that it has agreed a four-year deal with Wonga, which will lead to the controversial loans company becoming the club's lead commercial sponsor and reinstating the stadium's name to St James' Park.

Newcastle United confirmed details of the wide-ranging deal today (9 October). Wonga will become the club's shirt sponsor from the 2013/14 season.

The deal could be worth around £15m year to Newcastle United.

Wonga had initially just been interested in becoming the club's shirt sponsor. But after senior Wonga executives met with the club's fans the company subsequently decided to buy the naming rights to the 52,000 capacity stadium as well.

A spokesperson for Wonga said the company "had no intention of using the Wonga name" in the naming of the stadium, so to appease fans decided to revert back to the St James Park name.

The football club’s owner Mike Ashley sparked anger from fans in November last year, when he revealed the name of St James Park had been changed to the Sports Direct Arena, named after Ashley’s sportswear company.

Now the St James Park name is back, which will be widely applauded by fans.

Derek Llambias, managing director of Newcastle United, said: "We are building a club that can regularly compete for top honours at the highest level.

"Throughout our discussions Wonga’s desire to help us invest in our young playing talent, the local community and new fan initiatives really impressed us and stood them apart from other candidates."

Discussion

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Brand Republic Jobs

subscribe now