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Author Topic: New sponsor  (Read 2639 times)

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TonyM

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New sponsor
« on: August 07, 2020, 01:27:48 PM »
Well, those looking for more commercial activity - we now have a 'back of the shirt' sponsor
https://www.kltown.co.uk/2020/08/07/kings-lynn-town-football-club-announces-back-of-shirt-sponsor-with-low6/

Had a quick look on Companies House - an 'interesting' Balance Sheet to say the least, but could just be a snapshot of a start up although I hope we have got the money up front.  Again SC seems to have found an obscure businesses with no apparent link to the club or area that is willing to put money into the club, not sure about the LinnetsBet idea but no doubt we will hear more as the season progresses.
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Mallard

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Re: New sponsor
« Reply #1 on: August 07, 2020, 01:30:56 PM »
Couple of  changes of Directors as well Tony.

Could it be a % based sponsorship deal ?   Looks like it’s the fans who will be in affect paying the bill.
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Blue_and_Gold

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Re: New sponsor
« Reply #2 on: August 07, 2020, 01:37:50 PM »
The Old Club tried something similar once before.

Lets hope this one lasts a bit longer.
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gs50

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Re: New sponsor
« Reply #3 on: August 07, 2020, 01:55:20 PM »
Just need to ask the question but is this really a fans forum.could get done under trade description act.
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Blue_and_Gold

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Re: New sponsor
« Reply #4 on: August 07, 2020, 02:22:52 PM »
Quote from: Mallard on August 07, 2020, 01:30:56 PM
Could it be a % based sponsorship deal ? 

That could be a good  deal if that the case. Could be plenty of money in the pot as Low6 take 20-32% of the prize pool so would presumably be a reasonable margin for the Club to take their share.


Link below to the Low6 app for those that are interested. It's on both Apple Store and Google apps, and can be found at bottom of page.

https://low6.co.uk/

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TonyM

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Re: New sponsor
« Reply #5 on: August 07, 2020, 02:45:02 PM »
If there is an element of a percentage structured deal, I would think that will just be with the LinnetsBet app that will be available in September although assume that will be essentially the same Low6 app but with Linnets branding?
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Blue_and_Gold

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Re: New sponsor
« Reply #6 on: August 07, 2020, 03:09:02 PM »
Some interesting names when it comes to investors behind Low6. It looks as if they raised 2.8 million overall in January this year.

Chris Akers (wasn't he the multi millionaire that some said was looking to invest in Lynn last season), appears to have a 125k stake via his Ritorno Company.

Chris is the one that sold his betting company (Sport Internet Group) to Sky Bet for £300 million, only 18 months after forming it.

Think he was Leeds Chairman for a while and been around a few other Clubs.
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Mallard

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Re: New sponsor
« Reply #7 on: August 07, 2020, 03:28:50 PM »
As we are now in the gambling business I would wager B&G you had knowledge of the Chris Akers/Low6 tie up from Before today’s announcement!
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wack

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Re: New sponsor
« Reply #8 on: August 10, 2020, 09:27:29 AM »
Another new sponsor announced on club site.
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Mallard

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Re: New sponsor
« Reply #9 on: August 10, 2020, 09:58:02 AM »
Good to see local retail getting involved.  Any connection to a previous sponsor,  Reeds ?
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GrahamB

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Re: New sponsor
« Reply #10 on: August 10, 2020, 02:35:06 PM »
No connection whatsoever but nice to remembered as a previous sponsor
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Mallard

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Re: New sponsor
« Reply #11 on: August 10, 2020, 04:33:58 PM »
No probs Graham.  Nice kit and logo with Reeds.  Are these newbies a bit more upmarket ?
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Chilvers Gordon

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Re: New sponsor
« Reply #12 on: August 10, 2020, 09:39:58 PM »
Quote from: GrahamB on August 10, 2020, 02:35:06 PM
No connection whatsoever but nice to remembered as a previous sponsor
Hi Graham, how are you doing. You are extremely lucky to be remembered for your past sponsorship.
All the best.
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Chilvers Gordon

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Re: New sponsor
« Reply #13 on: August 10, 2020, 09:41:07 PM »
Quote from: Mallard on August 10, 2020, 04:33:58 PM
No probs Graham.  Nice kit and logo with Reeds.  Are these newbies a bit more upmarket ?
What from Reeds. Thats a little unkind.
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kenny r

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Re: New sponsor
« Reply #14 on: August 10, 2020, 10:13:46 PM »
Gordon.
 Rest assured that those of us who have been heavily involved as ' nuts and bolts' people at the Club in previous years know how much you both contributed financially and practically.
 Sadly it is the way of the world that those who quietly get on with the job are always under appreciated.
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