Newcastle United have announced a fresh commercial partner as the club continues its push to drive up revenues.
The Magpies have today announced a multi-year partnership with Corpay, Inc., a global leader in foreign exchange (FX) and international corporate payments.
The deal comes hot on the heels of Coca-Cola jumping on board to become Newcastle’s official soft drinks partner.
A statement confirming the latest announcement, reads: “The deal names Corpay’s Cross-Border business as the club’s Official FX and Cross-Border Payments Partner. Under the agreement, Corpay Cross-Border will deliver FX expertise to enhance the clubs’ day-to-day business operations and support a wider global growth strategy.
“Corpay’s award‐winning Cross‐Border platform enables businesses to make secure payments in more than 145 currencies across over 200 countries. It streamlines transactions through a single point of access, connecting organisations across diverse industries.
“The partnership with Newcastle United is designed to remove barriers to cross-border trading, providing valuable support as the club continues to expand activity in international markets.”
Newcastle United’s Chief Revenue Officer, Dave O’Connor, said: “We are delighted to welcome Corpay to our growing portfolio of industry-leading partners.
“As we continue to scale Newcastle United as a high-performance international business, Corpay will play a key role in supporting our global operations. Their expertise in cross-border payments and foreign exchange will help us operate more efficiently across markets, providing the financial infrastructure needed to deliver our long-term vision.”
Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions, added: “We’re thrilled to be named the Official FX and Cross-Border Payments Partner of Newcastle United, one of the Premier League’s most iconic and ambitious clubs.
“This partnership further strengthens Corpay’s position as the trusted corporate payments and currency risk management provider of choice across the Premier League. We look forward to supporting the club throughout what promises to be an exciting season, both on and off the pitch.”
Happy to see the club’s business leaders continue to land more sponsors. Thousands of small steps needed to catch the Big 6.
I get the £ benefits of having these deals but what other benefits to these type of deals offer?