Toon To Ditch Wonga?

Last updated : 20 July 2016 By Footy Mad - Editor

Image result for Wonga logo

Four-year deal with the controversial payday loans firm is up next summer and the Magpies are already looking for someone to take their place

The Championship Magpies will not seek to renew their deal with the payday loan firm at the end of this season – and are looking a new club sponsor.

The famous black and white shirt has carried the Wonga logo for the last three seasons as part of a four-year £24million package.

But it will end in May, at the latest, with the net being cast wide for a fresh corporate deal.

United distributed shirts without the Wonga logo to young fans earlier this month, at a youth tournament organised by the club's foundation and manager Rafa Benitez.
Youngsters got Toon shirts without Wonga logos at a charity event earlier this month

Wonga's involvement with Newcastle has been condemned by MPs and many fans. The firm as accused of using football to target the poorest fans into taking out high interest short-term loans.

Star striker Papiss Cisse also expressed concern , initially saying that as a Muslim he would refuse to wear the logo.

Wonga have faced huge scrutiny after becoming associated with Newcastle and was branded a “legal loan shark” by campaigners.

Two years ago, the company was forced to pay £2.6m to 45,000 people for sending letters from fake law firms to customers in arrears.

Wonga considered scrapping their sponsorship of Newcastle themselves and reverting to TV ads, after profits fell.

When Newcastle announced their Wonga partnership, they claimed the cash would help them compete for honours at the top end of English football. It was billed as an investment in the youth academy.

Then-boss Alan Pardew and striker Shola Ameobi help announce the deal in 2012