Controversy as Wonga to sponsor Newcastle | Bangkok Post: news

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Controversy as Wonga to sponsor Newcastle

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English Premier League side Newcastle United on Tuesday unveiled a sponsorship deal with loans company wonga.com, sparking criticism and concern because of the firm's reputation for sky-high interest rates. 

Newcastle United players pose for a team photo on October 4, 2012. English Premier League side Newcastle United on Tuesday unveiled a sponsorship deal with loans company wonga.com, sparking criticism and concern because of the firm's reputation for sky-high interest rates.

Wonga will sponsor the club's shirts from the start of next season and will also invest pound sterling1.5 million (1.85 million euros, $2.5 million dollars) in the club's academy and a social scheme helping to equip local youngsters with workplace skills.

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