Ryan_Taylor Posted July 14, 2014 Share Posted July 14, 2014 Yey! Link to post Share on other sites More sharing options...
TaylorJ_01 Posted July 14, 2014 Share Posted July 14, 2014 and the fact the Children's Sized shirts have the Wonga logo on... Link to post Share on other sites More sharing options...
Guest Roger Kint Posted July 14, 2014 Share Posted July 14, 2014 Apparently they have said they will continue to be proud sponsors of NUFC Link to post Share on other sites More sharing options...
Collage Posted July 14, 2014 Share Posted July 14, 2014 Apparently they have said they will continue to be proud sponsors of NUFC But not shirt sponsors? Or what? Link to post Share on other sites More sharing options...
BlueStar Posted July 14, 2014 Share Posted July 14, 2014 Louise Armitstead @larmitstead 43s Wonga insists its puppets are being axed, not Newcastle FC sponsorship. In statement, pay days lenders says it's a "proud sponsor" Chief Business Correspondent of The Telegraph. Link to post Share on other sites More sharing options...
Collage Posted July 14, 2014 Share Posted July 14, 2014 Ah fuck off. Link to post Share on other sites More sharing options...
Kanji Posted July 14, 2014 Share Posted July 14, 2014 Short lived Link to post Share on other sites More sharing options...
NG32 Posted July 14, 2014 Share Posted July 14, 2014 Hopes n dreams destroyed again. Link to post Share on other sites More sharing options...
mickthemagpie Posted July 14, 2014 Share Posted July 14, 2014 Louise Armitstead @larmitstead 43s Wonga insists its puppets are being axed, not Newcastle FC sponsorship. In statement, pay days lenders says it's a "proud sponsor" Chief Business Correspondent of The Telegraph. Who are Newcastle FC? Link to post Share on other sites More sharing options...
Matt Posted July 15, 2014 Share Posted July 15, 2014 http://www.bbc.co.uk/news/business-28305886 A rough calculation shows Wonga's revenues off by 35%. With post-tax margins of 20%, that presents them with a need to rework their business model and will almost certainly result in cost-cutting, so I would not be surprised at all if they exit the sponsorship at the end of this coming season. Link to post Share on other sites More sharing options...
RodneyCisse Posted July 15, 2014 Share Posted July 15, 2014 Hopefully. I'd rather have sports direct if I'm honest. Link to post Share on other sites More sharing options...
NG32 Posted July 15, 2014 Share Posted July 15, 2014 http://www.bbc.co.uk/news/business-28305886 A rough calculation shows Wonga's revenues off by 35%. With post-tax margins of 20%, that presents them with a need to rework their business model and will almost certainly result in cost-cutting, so I would not be surprised at all if they exit the sponsorship at the end of this coming season. Please let this happen. Donnay would look canny. Link to post Share on other sites More sharing options...
Kanji Posted July 15, 2014 Share Posted July 15, 2014 Yah. Hope so. Everlast is the only Mike Ash brand I'd be Ok with as shirt sponsor. Link to post Share on other sites More sharing options...
Guest ToonZA Posted July 17, 2014 Share Posted July 17, 2014 These despicable cunts are in for a tough time here in South Africa. One of the senior guys at the National Credit Regulator was on radio today saying that they had a look at Wonga and found that they had not met all the regulatory and documentary requirements for the loans they issued. Probably based on the sample they selected. He was not happy at all and it looks like they going to crack down on Wonga. Happy days http://www.moneyweb.co.za/moneyweb-financial/wonga-reprimanded-by-ncr "JOHANNESBURG - South Africa's credit regulator said on Thursday it had ordered the local unit of British payday lender Wonga to improve its compliance, after finding the company did not verify the income of its customers. The crackdown in South Africa is the latest regulatory hit for Wonga, which has come under criticism in its home market for charging an annual interest rate of 5.853%. The National Credit Regulator (NCR) said it ordered Wonga to submit an audit report and remove adverse credit bureau listings from some of its customers' records at its own expense. It also told the short-term lender to rescind judgements taken against clients from whom it had not obtained proof of income and living expenses. A spokesperson for Wonga said: "We received a Compliance Notice from the National Credit Regulator two weeks ago, which we take very seriously. We reviewed the letter with external advisors, who confirmed our view that we are fully compliant with the relevant rules. We have responded accordingly and requested a meeting. We commit to work with the NCR to resolve any concerns." Last month Wonga was asked to pay 2.6 million pounds ($4.5 million) in compensation to 45 000 UK customers after sending them bogus letters from non-existent law firms that threatened legal action. New rules in Britain will cap the interest rates offered by the so-called payday lenders, who say their small loans help tide households over until salaries come in. First-time Wonga borrowers in South Africa can expect to pay a 27% premium on a 48-day loan of R2 500. Repeat customers can borrow up to R8 000. South Africa was Wonga's first expansion outside the United Kingdom. The UK business was launched in 2007 by South African founders Errol Damelin and Jonty Hurwitz. Damelin recently stood down as a director. Hurwitz cut his ties in 2011. South African regulators have said consumers are too steeped in credit, with household debt levels averaging around 75% of disposable income." Link to post Share on other sites More sharing options...
Stifler Posted October 2, 2014 Share Posted October 2, 2014 More rumours of them bailing on their deal with us. Link to post Share on other sites More sharing options...
andyman Posted October 2, 2014 Share Posted October 2, 2014 Fingers crossed Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted October 2, 2014 Share Posted October 2, 2014 Not much could be worse than Wonga. Sports Direct would be grim, but at least they actually sell products to the public in a normal business arrangement. Link to post Share on other sites More sharing options...
NG32 Posted October 2, 2014 Share Posted October 2, 2014 Haha screw you ashley! Link to post Share on other sites More sharing options...
Village Idiot Posted October 2, 2014 Share Posted October 2, 2014 Wonga are despicable, they bought a local lender to enter the Spanish market at the height of our recession and they are ruining the life of desperate people that had to resort to their usury in these times of need. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted October 2, 2014 Share Posted October 2, 2014 Wonga are despicable, they bought a local lender to enter the Spanish market at the height of our recession and they are ruining the life of desperate people that had to resort to their usury in these times of need. Sounds familiar. Link to post Share on other sites More sharing options...
Teasy Posted October 2, 2014 Share Posted October 2, 2014 Not sure how they can bail out, surely we have a contract for the full £16m over two years so it has to be paid? Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 2, 2014 Share Posted October 2, 2014 Not sure how they can bail out, surely we have a contract for the full £16m over two years so it has to be paid? Club might want to bail out of it if it can find a better sponsor. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted October 2, 2014 Share Posted October 2, 2014 Not sure how they can bail out, surely we have a contract for the full £16m over two years so it has to be paid? They would be seeing out the second year though Edit: Seen its a 4 year deal isnt it? No doubt theres an option to leave at the end of each year like we had with the last few. Link to post Share on other sites More sharing options...
Disco Posted October 2, 2014 Share Posted October 2, 2014 Not sure how they can bail out, surely we have a contract for the full £16m over two years so it has to be paid? Club might want to bail out of it if it can find a better sponsor. Not sure they'll be able to find one willing to pay as much with the added bonus of pissing the fans off as much again. Link to post Share on other sites More sharing options...
Teasy Posted October 2, 2014 Share Posted October 2, 2014 So we're just talking about them not renewing after the 2 years? EDIT: Articles on about them ditching the sponsorship claiming it was a 4 years deal, thought I remembered it being only 2 years? Link to post Share on other sites More sharing options...
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