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News and Commentary On Newcastle United Football Club By Ed Harrison, A Proud Exiled Geordie And Lifelong Fan

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Newcastle Need To Get Out Of Wonga Deal

7:27 am, Thursday, June 26th, 2014 by Dr. Ed Harrison · 13 Comments

The latest news of Wonga’s criminal activity in England, after they admitted they sent false demands for money to some of their poorest clients, has again brought up the question of whether Newcastle United should be associated with a company that not only has a bad name in the UK, but charges exorbitant fees on the very people who simply cannot afford to pay those high fees.

wonga-logo

Yesterday, payday lender Wonga was fined £2.6M in compensation after going after struggling customers with false legal letters in order to pressure them into paying up – and the news is that approximately 45,000 customers received letters from fictitious law firms, the FCA ( Financial Conduct Authority) said yesterday.

Last season was the first year of a four year deal between Wonga and Newcastle United that is said to be worth around £6M a year to the club, but it also brings a lot of baggage to Newcastle – something we could do without.

Fans objected when the deal was first announced in late 2012, when we abruptly ended the strip deal we had at that time with Virgin Money, because we presumably got a much better financial deal with Wonga.

But it came out that Virgin hadn’t even been given a chance to rebid for the strip sponsorship deal, and were simply told by then Managing Director Derek Lambias that the strip deal would be terminated at the end of that season.

And it’s not like other more reputable brands wouldn’t be keen to do a deal with Newcastle, with the Premier League games seen all over the world, and that puts Newcastle in the driver’s seat for a very good deal.

We really do hope that Newcastle are looking at their contract with Wonga and seeing how they can get the deal ended, and then partner up with Richard Branson’s Virgin company or some other well respected brand.

That would be a very good move for Newcastle to make, and would even make their fans a little bit happier with things at the moment.

What do you think?

Comments welcome.



Tags: Financial Fair Play · Financials · Other News · Wonga



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13 responses so far ↓

  • 1 Slank // Jun 26, 2014 at 7:31 AM

    Bafetimbi Gomis wasn’t a long term target. It was a long term press story regurgitated over and over again.

    Pierre-Michel Lasogga is a difficult one as he wants to remain in Germany and be near his mum who can manage his affairs and still do her housework and shopping.

  • 2 Slank // Jun 26, 2014 at 7:35 AM

    Virtually all the banks have been fined since 2009, so Wonga are in good company.

  • 3 firebug666 // Jun 26, 2014 at 7:35 AM

    Ashley and the Managing Director of Wonga are cut from the same cloth.

    I don’t see Ashley ending this deal, he most likely has some shares in the company. That certainly would not come as a surprise.

  • 4 Average_Contents // Jun 26, 2014 at 7:39 AM

    What is everyone’s problem with wonga? You’d think that they’d been found to be going about their business fraudulently! Sarcasm by the way

    A shady business aligned to another shady business! Fatty’s loving this because as soon as we are mentioned then so is he and in turn shit direct!

    Publicity trumps all, you really think he’s arsed? Not a chance! Any opportunity to drag us through the mud is welcome

    I see hearts have fcuked them off as it affected shirt sales and gave the club a bad name in the local community….if only but fatty couldn’t give a fcuk about that as proves by his other business dealings the fat kunt!

  • 5 welshgeordie9 // Jun 26, 2014 at 7:46 AM

    and the gomis saga continues, reports that gomis has got cold feet in joining swans and that he’s hoping that newcastle will go in for him.

    Oh and by the way 16 comments is the new record

  • 6 Average_Contents // Jun 26, 2014 at 7:46 AM

    Oh my! I just wish he’d sign somewhere it’s getting on my fcuking tits now!

    http://mobile.newsnow.co.uk/A/720267676?-11058

  • 7 welshgeordie9 // Jun 26, 2014 at 7:48 AM

    Bit late there

  • 8 jesperfuglsang - captain of the lemon crew // Jun 26, 2014 at 7:48 AM

    And the Wonga deal was supposedly worse financially than the Virgin deal!

    …makes you thing if they really all are rookies…or just st…..!

  • 9 Charlie in the Gallowgate // Jun 26, 2014 at 7:48 AM

    firebug666
    I think you have hit the nail on the head ‘cut from the same cloth’ wouldn’t surprise me they’re best of mates. Boss of Wonga is a donator to the Tory Party wonder if Ashley is also a donor to the Tories.

  • 10 firebug666 // Jun 26, 2014 at 7:53 AM

    Charlie in the Gallowgate

    There has to be a reason for us ending a very good deal with Virgin Money for these scumbags (wonga), wonga and SD are both crawling about in the same cesspool.

  • 11 firebug666 // Jun 26, 2014 at 7:57 AM

    welshgeordie9

    So Gomis will go to Swansea if no one else, (in particular Newcastle) don’t want him.

  • 12 wynsleap // Jun 26, 2014 at 12:39 PM

    It takes one crook to know another.
    Everything about our club is ‘shady’ now from the owner to the sponsors. I firmly believe we now stink in everyone’s eyes from fans and players to agents and other clubs owners.
    How Ashley has taken this club and just ruined its reputation is heartbreaking. Hate the guy with all my black ‘n’ white heart.

  • 13 magicbus // Jun 26, 2014 at 3:31 PM

    Another cock up by Ashley adding to his long list of mistakes.




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