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| | About:BANKING & FINANCE
- 5/24/2009 |
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| | Spurs chief set for more Gulf investment talks | |
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| | | Senior officials from Tottenham Hotspur will return to the Gulf within days for follow-up meetings with potential investors, the executive director of the English Premier League football club said.
The club held talks with a dozen companies in the region last month in a bid to sell the naming rights for its new 58,000-seater stadium and look for possible sponsors of its team shirt.
Representatives plan to hold further discussions with companies from two or three GCC states at the end of May, according to Paul Barber, executive director of Tottenham.
“We had some excellent feedback from various people we met last month and the result of that is that we have some follow up meetings at the end of this month,” he told Arabian Business.
“These things take time and we expect to build relationships over a period of time but so far the process has gone well.”
For confidentiality reasons, Barber said he could not reveal the names of the interested firms but he added that discussions were being held at a “number of different levels.”
Tottenham last month met with three or four companies in Dubai, in addition to firms in Abu Dhabi, Bahrain and Qatar, as looks to cash in on the tremendous popularity of the Premier League in the region.
Development plans for the stadium in London include building 450 new homes, offices, a 150-bedroom hotel and one of the largest supermarkets in the UK.
The club’s shirt sponsorship agreement with internet casino operator Mansion, worth around $12.3m annually, expires next year. | |
| | ArabianBusiness | |
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