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Wonga Loans Throw £4m (At 3,000% APR?) At Newcastle For Naming Rights, Vow To Revert Stadium Name Back To St. James’ Park
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By Chris Wright
Payday loan sharks company Wonga have concluded a four-year sponsorship deal with Newcastle, chucking a reported £4 million-a-year at the Toon (presumably at a very competitiverepresentative 3000% APR) in order to ensure that their vaunted marque is placed upon the club's shirts and that they have the naming rights for the club's stadium.