Samsung Undecided on Chelsea’s Sponsorship demands

If the reports from Business Insider are to be believed, it is highly likely that Samsung will be replaced by another sponsor  (Turkish Airlines?) at the Stamford Bridge.

The contract for the current estimated $16m-a-year shirt deal (before extra bonuses are paid out if the club gets to the late stages at major competitions such as the UEFA Champions League, for example) will not be renewed this year, sources have told Business Insider, as Samsung is unprepared to pay the $32m-per-season now being asked.

-source: Business Insider

Samsung Undecided on Chelsea’s Sponsorship demands,though different tabloids have different figures, they all hover in and around $ 30m per season figure, which is a significant improvement over earlier reported asking price of $20m (as some of the rumors suggested).

Nothing is confirmed yet, and even Samsung has denied giving any clarification regarding this matter.

“Samsung is not commenting on its current contractual position with Chelsea FC, or any potential sponsors of Chelsea FC. Samsung’s partnership with Chelsea FC is ongoing. Samsung has not decided regarding any extension of sponsorship.”

-source: Business Insider

On a more disappointing note, there are rumors that Chelsea is considering to sell the Stadium naming rights for the season as well. Not good, not good at all!


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