Liverpool sign new £30m shirt deal with Standard Chartered
New deal extends link up to 2019 but remains less lucrative than those of Premier League rivals
With the futures of Liverpool boss Brendan Rodgers and star player Raheem Sterling up for debate after another trophyless season at Anfield, at least one deal has been confirmed, with shirt sponsors Standard Chartered confirming a new £30m-a-year deal until 2019.
Liverpool chief executive Ian Ayre declared himself delighted with the extension and said that the club's global appeal matched that of the bank. "We've always felt there was great synergy throughout the two organisations, particularly the reach of Standard Chartered Bank around Asia, Africa and the Middle East, and the great global support we have as a football club in those regions," he told the Liverpool Echo.
Despite uncertainty over Liverpool's Champions League prospects and the make-up of next year's squad, the new deal is worth 50 per cent more than the previous one, which was worth £20m a year.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But the Daily Telegraph notes that it is still far less lucrative than those thrashed out by some of Liverpool's Premier League rivals. Manchester United have a £53m-a-year deal with Chevrolet despite not qualifying for the Champions League last season. Chelsea recently signed a £40m deal with Yokohama Tyres while the Daily Mirror reports that Manchester City have a new £80m-a-year deal in the works with Abu Dhabi national airline Etihad.
Shirt sponsorship contracts in the Premier League are expected to sky-rocket in value as a direct consequence of the recent unprecedented £5bn television rights deal struck by Premier League chief executives with BT Sport and Sky.
Standard Chartered replaced Carlsberg on Liverpool shirts in 2010, but relations between the bank and club have not always been harmonious. The bank intervened during the Luis Suarez race row and there were concerns about the future of the deal when US regulators branded the bank a "rogue institution" in 2012. However, the club insists that it is delighted with the new deal and has pointed to the fact that it has only ever had five shirt sponsors.
Liverpool's home kit for the 2015/16 season was also unveiled recently – it is the first to be designed and manufactured by New Balance and features a “chequerboard jacquard” styled on Anfield's famous Kop end.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Today's political cartoons - December 21, 2024
Cartoons Saturday's cartoons - losing it, pedal to the metal, and more
By The Week US Published
-
Three fun, festive activities to make the magic happen this Christmas Day
Inspire your children to help set the table, stage a pantomime and write thank-you letters this Christmas!
By The Week Junior Published
-
The best books of 2024 to give this Christmas
The Week Recommends From Percival Everett to Rachel Clarke these are the critics' favourite books from 2024
By The Week UK Published
-
The Premier League's spending cap: levelling the playing field?
Talking Point Top clubs oppose plans to link spending to income of lowest-earning club, but rule could prevent success gap from widening
By Harriet Marsden, The Week UK Published
-
Is a new English football regulator an own goal for the game?
Talking Point PM hails 'historic moment for football fans' but West Ham owner warns it could 'ruin' Premier League
By The Week UK Published
-
2023-2024 Premier League predictions: champions, relegation and golden boot
feature A look at the top flight talking points and pundit picks for the new season
By Mike Starling Published
-
Man City: can ‘one of the best sides in history’ win the treble?
feature Guardiola’s Premier League champions have two more trophies in their sights
By The Week Staff Published
-
Premier League: Man City vs. Arsenal predictions
feature What the pundits say about tonight’s title race showdown at the Etihad
By Mike Starling Last updated
-
Antonio Conte leaves Tottenham after ‘extraordinary’ rant at players
feature After another year without a trophy, Spurs are now searching for a new manager
By The Week Staff Published
-
Liverpool 7 Man Utd 0: ‘welcome to Jürgen Klopp’s Liverpool 2.0’
feature Anfield’s ‘new front three’ were on fire in the humbling of their bitter rivals
By Mike Starling Published
-
Man City’s financial charges: what next for the Premier League champions?
feature The club is alleged to have breached financial rules around 100 times over a nine-year period
By Mike Starling Published