Virgin Money Sponsorship To End Early
Written by Newcastle Utd
Newcastle United FC
The Club's sponsorship with Virgin Money will end after the current season, with a new sponsorship deal to be announced in the coming weeks
Newcastle United announced today that their sponsorship with Virgin Money will end after the last match of the 2012/13 season.
The deal, which was signed in January 2012, was due to run until the end of the 2013/14 season.
The Club expects to announce an exciting new sponsorship deal in the coming weeks which will commence after the last match at the end of this season.
Whilst Virgin Money will remain as Club sponsor until the end of the current season, Newcastle United have chosen to exercise its contractual right, as both parties had the option to do, to end the two-year sponsorship deal with the bank at the end of this season.
The Virgin Money name will continue to be worn on the iconic black and white shirts for the remainder of this season.
Derek Llambias, Newcastle United's Managing Director said: "We have enjoyed a very successful partnership with Virgin Money which we thank them for. However we have decided to end the agreement early and we will be announcing a new sponsorship partner shortly which represents an excellent commercial deal for both parties."