Controversy as Wonga to sponsor Newcastle
- Published: 10 Oct 2012 at 00.49
- Online news: Sports
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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