At the start of 2021, Newcastle United end its kit contract deal with Puma worth £6.5m a year. Later in July 2021, Club signed a deal with British sportswear brand “Castore”. Newcastle United Kit Contract Deal with Castore is Reportedly worth £5m per year.
The deal has more to offer than a regular kit supplier deal. So, Let’s take a look at the financial numbers behind Newcastle Kit Contract Deal with Castore:
|Duration||3 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 Liverpool-Headquartered company Castore became the Club’s official kit supplier in July 2021. The deal is worh £15 million in total payment over 3 years. This contract ends the German sportswear brand Puma’s term as a kit supplier.
Moreover, the deal will allow Castore to handle the e-commerce operations at the club. Thus it includes the refurbishment of the club’s physical and online stores as well as increased merchandising opportunities.
Newcastle United shirt sponsoship deal
Newcastle United signed a long-term shirt sponsorship deal with Chinese betting firm “Fun88”. The deal is worth £6.5 million per annum. Moreover, the contract will go through renewal at the end of the 2021-2022 season.
Lets see the contract details:
|Duration||8 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.|
The shirt sponsorship deal between Newcastle United & Fun88 is worth £52 million in total payment over 8 years.
Fun88 became the club’s principal kit sponsor and requires the right to emblazoned Fun88’s logo at the front of their matchday and training kits.