Northern Rock hands £10m of YOUR cash to sponsor football team Newcastle United

VIGILANT22

"Northern Rock sparked outrage yesterday after revealing plans to spend up to £10million sponsoring a football club."

Read more: http://www.dailymail.co.uk/news/article-1244254/Outrage-10m-public-cash-spent-Northern-Rock-sponsorship-football-club.html#ixzz0d2a45mf4

yelf

Welll I dont blame them: its not like they've had a lot of publicity recently, what with being mentioned in the news every other week for the lst 2 years

Wutang_2

Do the other government backed banks not advertise?

TighterThanTwoCoatsOfPain

Perhaps they should hoard all the cash until eventually nobody has heard of them and they go bump meaning the government get no money?

Oooorrrrrrrr

They can continue to operate as much as possible like any other government supported bank and advertise to continue building their revenue so there is still a business to sell if / when the time comes..

But wait, that headline isnt as good is it...

maninthestreet

TighterThanTwoCoatsOfPain wrote: »

Perhaps they should hoard all the cash until eventually nobody has heard of them and they go bump meaning the government get no money?

Oooorrrrrrrr

They can continue to operate as much as possible like any other government supported bank and advertise to continue building their revenue so there is still a business to sell if / when the time comes..

But wait, that headline isnt as good is it...

The NR is actually owned by the taxpayers of this country - is it appropriate that they give £10M of taxpayers' money to a football club??

Wutang_2

maninthestreet wrote: »

The NR is actually owned by the taxpayers of this country - is it appropriate that they give £10M of taxpayers' money to a football club??

I have a feeling they haven't just given them the money! Its the Daily Mail - don't fall for it!

redpete

maninthestreet wrote: »

The NR is actually owned by the taxpayers of this country - is it appropriate that they give £10M of taxpayers' money to a football club??

They are paying for the advertising and promotional opportunities that the sponsorship gives them.

If they buy advertising space in the newspapers would there be headlines complaining about Northern Rock giving money to the Daily Mail?

maninthestreet

redpete wrote: »

They are paying for the advertising and promotional opportunities that the sponsorship gives them.

If they buy advertising space in the newspapers would there be headlines complaining about Northern Rock giving money to the Daily Mail?

Perhaps they should have used the £10M to repay some of the money they owe the taxpayers?

india2007

I'd rather they gave it to Newcastle United than handed it out in big bonuses to bankers! But as I'm an NUFC fan I'm probably a bit biased!:rotfl:

redpete

maninthestreet wrote: »

Perhaps they should have used the £10M to repay some of the money they owe the taxpayers?

Or maybe they should run the business properly, including investing in advertising/promotion, so that they can repay all the money.

Dan_1976

I think NR are making a good move, eyes are on NUFC at the mo and they are a massive part of Newcastles culture. Remember NUFC are a one town club and really are part of the community. It may appear a waste of money and I would normally agree is it were not Newcastle.