Saudi Aramco To Become Newcastle United Kit Sponsor?
Newcastle United is very likely being taking over by the Saudi regime, who will likely replace controversial and unpopular owner Mike Ashley. Now rumors suggest that Saudi Aramco could become the club's new main kit sponsor.
The decision time for Newcastle's £300m takeover is not completed yet as the Premier League must soon make a decision about the Newcastle takeover. Human rights concerns have been raised over the proposed Saudi takeover
Saudi Aramco To Replace Fun88 as Newcastle United Main Sponsor
The rumor of the Saudi Aramco x Newcastle United kit "partnership" was sparked by a Middle East-based news channel, which a picture of a Newcastle United shirt with the Saudi Aramco sponsor logo.
Fun88, Newcastle's current shirt sponsor, replaced Wonga three years ago. The three-year sponsorship deal was said to be the biggest in the club’s history - it runs out after this season.
Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkō al-Saʿūdiyyah), officially the Saudi Arabian Oil Company (formerly Arabian-American Oil Company), is a Saudi Arabian multinational petroleum and natural gas company. It is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world. On December 4 2019, it raised $25.6 billion in its IPO, making it the world's largest IPO to date.
Newcastle United, meanwhile, has reportedly signed an one-year extension with Puma for the 2020-21 season. From the 2021-22 season, it is likely that a new supplier will make Newcastle United's kits - at least there will be a new bidding process for the right to make their kits from 2021.
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