Newcastle United sign shirt sponsorship deal with Saudi firm ...Kuwait

The New Arab - News

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. Sela's website says it is owned by the country's sovereign wealth Public Investment Fund (PIF), which also holds an 80 percent stake in Newcastle. Newcastle will play in the Champions League next season for the first time in 20 yea

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Last updated : 10 June 2023 clock 03:52 PM

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Newcastle United sign shirt sponsorship deal with Saudi firm ...Kuwait

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