ewcastle United Kit signs contract with Castore

At the start of 2021, Newcastle United terminated their £6.5m-a-year deal with Puma. After July 2021, the club signed a contract with British sportswear brand “Castore”. Newcastle United’s kit deal with Castore is said to be worth five million pounds a year.

Permit’s test the monetary information in the back of Newcastle United’s buy of Castore:

Kit SupplierCastore
Duration3 years (2021-2024)
Yearly payments£5 million
Total payment over 3 years£15 million
Any performance-related clauses?£2 million a year will be added to the yearly deal if Crystal Palace stays in the Premier League.

The Castore company in Liverpool became the sponsor of the product in July 2021. The total value of the contract is £15 million over 3 years. This deal marks the end of German sportswear brand Puma’s time as a supplier.

In addition, the deal will allow Castore to manage the club’s e-commerce business. So that includes improvements to the physical club and the online store, as well as increasing sales.

Newcastle United shirt sponsorship deal:

Newcastle United have signed a sponsorship deal with Chinese gambling company ‘Fun88’. The business is worth £6.5m a year. Furthermore, the contract will be renewed at the end of the 2021-2022 season.

Let’s look at the promises:

Duration8 years (2017-18 season to 2024-25)
Yearly payments£6.5 million a year
Total payment over 8 years£52 million
Any performance-related clauses?£1 million a year will be reduced into the yearly deal if Newcastle United gets relegated from the Premier League.

An eight year sponsorship deal between Newcastle United and Fun88 for £52 million is without a doubt worth doing.

Fun88 became the club’s official sponsor and wanted the rights to display the Fun88 logo on the front of the game and training kit.

Categories: MoneySports