Sheffield Wednesday turns down payday lender as sponsorship deal
Simon Read is Personal Finance Editor at The Independent. He edits the Saturday Your Money section and writes the Daily Money column and Wednesday’s Midweek Money section in i newspaper. He also writes for the news and business pages of the Independent and i newspaper and is a regular money commentator on TV station London Live. He has won numerous awards including Consumer Finance Journalist of the Year.
Sunday 12 May 2013
Championship football club Sheffield Wednesday has turned down a lucrative sponsorship deal from a payday lender.
The club, which narrowly avoided relegation this season, was approached by a payday lender – which it refuses to name – offering around 25 per cent more than the rate the club would expect to get for its sponsorship next season.
Club chairman Milan Mandaric told The Independent: “We felt the business model the company operates was not one with which we were comfortable to support as our main partner. In addition, we take great pride in our standing as a community focused football club and believe this partnership would not have been welcomed by the majority of our supporters.”
Latest in Sport
UFC 190 Ronda Rousey vs Bethe Correia: What time does it start and where can I watch it, plus Mauricio Rua vs Antonio Rogerio Nogueira
Norwich City mocked after revealing terrible new third kit - which is also yellow and green
Manchester United 2015/16 kit unveiled: Morgan Schneiderlin leads the Adidas campaign as new shirt is launched
The unlikely rise of AFC Bournemouth - and what it says about English life
Mario Balotelli told he has no future at Liverpool as striker trains away from first-team
- 1 Windows 10: man updates PC, wakes up to find porn slideshow on repeat
- 2 The 'world's most beautiful vagina' has been debunked by science
- 3 John Green schools morning show hosts after awkward interview with Cara Delevingne
- 4 Bulletproof armadillo puts Texas man in hospital after shot bounces off hard shell
- 5 Doctors declare war on Jeremy Hunt over weekend working 'myths' amid plan for seven day NHS
Yvette Cooper: Our choice is years of Tory rule under Jeremy Corbyn – or a return to a Labour government
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Labour leadership: New poll shows party is now even 'less electable' than under Ed Miliband
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality