schalke-04-gazprom.jpg

Schalke 04 and Russian firm Gazprom have signed a five-year extension to their sponsorship deal worth 100 million euros which looks to have eased the German club's cash problems, it was reported Saturday.

Last month it was revealed the Gelsenkirchen-based club had debts of up to 230 million euros, but the new sponsorship deal with the Russian gas suppliers looks to have safeguarded the Bundesliga side's future.

The current Gazprom deal, which had been due to expire in 2012, will now run until 2017 and is worth up to 130 million euros if Schalke is successful in the Bundesliga and the Champions League.

"We have closed the deal for the next five years," Clemens Toennies, chairman of Schalke's advisory board, told German daily Bild.

"It will improve conditions for us and I explained that on my last trip to Moscow, because this deal will help stabilise the club."

Schalke coach Felix Magath had warned last month they may have to sell their top players in a bid to balance the books, but the new deal looks to have eased those fears.

"This is a very positive signal for the club," admitted Magath, whose side are fourth in the table and play Hanover 96 at Gelsenkirchen's Veltins Arena on Saturday afternoon.

 

Comments (0)

There are no comments posted here yet

Leave your comments

Posting comment as a guest. Sign up or login to your account.
Attachments (0 / 3)
Share Your Location
Type the text presented in the image below

LATEST FOOTBALL KITS

Cagliari 2018-19 Macron Home Kit

Cagliari 2018-19 Macron Home Kit

Macron and Cagliari Calcio have announced the renewal of the partnership which will see both work together for at least another 5 years. At the same…
Red Star Belgrade 2018-19 Macron Third Kit

Red Star Belgrade 2018-19 Macron Third Kit

Macron and Red Star Belgrade have released the new third shirt for the 2018/19 season. The third-choice Red Star Belgrade shirt is traditionally red,…
Inverness CT 18/19 Errea Away Kit

Inverness CT 18/19 Errea Away Kit

Inverness Caledonian Thistle FC unveiled their new away kit for season 2018/19 made by Errea. The club have resumed their long standing partnership…
Inverness CT 18/19 Errea Home Kit

Inverness CT 18/19 Errea Home Kit

Inverness Caledonian Thistle FC unveiled their new home kit for season 2018/19 made by Errea. The club have resumed their long standing partnership…
Ross County 2018-19 Macron Away Kit

Ross County 2018-19 Macron Away Kit

Ross County launched their new 18/19 away kit by Macron. The Staggies are introducing a red away kit - which was chosen in conjunction with the…
Ross County 2018-19 Macron Home Kit

Ross County 2018-19 Macron Home Kit

Ross County launched their new 18/19 home kit by Macron. The new Home kit, which is a bespoke design, is quite different from last season’s. Macron…
New Zealand 2018 Nike Away Kit

New Zealand 2018 Nike Away Kit

This is the New Zealand 2018 away football shirt by Nike. In Māori legend, New Zealand’s endemic silver fern represents strength, resistance and…
Coventry City 17/18 Nike EFL Play-Off Final Shirt

Coventry City 17/18 Nike EFL Play-Off Final Shirt

Coventry City will be wearing a one-off special shirt for the League Two Play-Off Final against Exeter City. The Sky Blues will face the Grecians on…
Arsenal 2018-19 Puma Home Kit

Arsenal 2018-19 Puma Home Kit

The new Arsenal 18/19 Home Shirt by Puma retains the traditional red and white colours that are synonymous with Arsenal Football Club but with a…
Valencia 2018-19 Adidas Away Kit

Valencia 2018-19 Adidas Away Kit

Valencia CF launched the new 2018-19 away football shirt by Adidas. The team make a bold statement outside the Mestalla, with the Valencia CF 2018-19…
China 2018 Nike Home Kit

China 2018 Nike Home Kit

With a red chest and yellow sleeves, the China 2018 home shirt colors represent prosperity and blessings. On the chest is the iconic federation crest…
Deportivo de La Coruña 2018-19 Macron Third Shirt

Deportivo de La Coruña 2018-19 Macron Third Shirt

Macron and Deportivo de La Coruña have presented the new white third shirt with a diagonal blue band across the front where the words of the Galician…
Senegal 2018 World Cup Puma Home Shirt

Senegal 2018 World Cup Puma Home Shirt

This is the new Senegal 2018 home football shirt by Puma. The white and pepper green home kit will be used during the 2018 World Cup in Russia. Buy…
Senegal 2018 World Cup Puma Away Shirt

Senegal 2018 World Cup Puma Away Shirt

This is the new Senegal 2018 away football shirt by Puma. The pepper green and white away kit will be used during the 2018 World Cup in Russia. Buy…
Galatasaray 2018-19 Nike Home Kit

Galatasaray 2018-19 Nike Home Kit

This is the new Galatasaray 2018 home football shirt by Nike. The new home kit will be worn during the 2018–19 Süper Lig, which is the 61st season of…
New Zealand 2018 Nike Home Kit

New Zealand 2018 Nike Home Kit

This is the New Zealand 2018 home football shirt by Nike. In Māori legend, New Zealand’s endemic silver fern represents strength, resistance and…
Barcelona 2018-19 Nike Home Kit

Barcelona 2018-19 Nike Home Kit

This is the new FC Barcelona 18/19 home football shirt by Nike. The new Barcelona home kit, designed for the 2018-19 season, is inspired by Camp…
Rotherham United 2018-19 Puma Home Kit

Rotherham United 2018-19 Puma Home Kit

Rotherham United revealed their brand new 2018/19 home kit, manufactured by Puma Teamwear. The Millers will once again retain their traditional home…
Finland 2018 Nike Home Kit

Finland 2018 Nike Home Kit

This is the new Finland 2018 home football shirt by Nike. For 2018, the Finnish national team will wear a home kit dubbed Lethal Winter — white from…
Finland 2018 Nike Away Kit

Finland 2018 Nike Away Kit

This is the new Finland 2018 away football shirt by Nike. For 2018, the Finnish national team will wear an away shirt in deep royal blue with an…