October 21 – Bulgaria’s Spartak Varna have signed two new sponsorship deals despite the financial instability surrounding the club after former owner Pavlin Nikolov decided to step down and stop funding the team.
The Varna club announced that it had signed contracts with consumer electronics giant Philips and Novatrade, a leading company in the production and bottling of soft drinks.
The contract between Spartak and Philips is for a period of one year, with an option to extend.
Philips and Novatrade logos will occupy a prominent places in the club stadium and Spartak’s training facility. Novatrade will also support the club’s academy.
No vale was given for the deals.
“We are pleased to inform you that Spartak Varna has a new partner – one of the world’s leading companies in the production of electronics and electrical appliances – PHILIPS. Philips Lighting Bulgaria has become part of our football family as a sponsor, and their logo will be placed in strategic places in Spartak Stadium and the club base. The contract is for a period of one year, with the possibility of extension,” said a club statement.
“It is a real honor and pleasure for us to support one of the largest and most popular football clubs in Bulgaria. We are glad to join the Spartak family and hope that with our help, the club will continue on its path of development. The negotiations with. Ivan Ivanov went quickly and the assurances received from him in the future plans coincide with our vision and views on the way of working. We wish success to the team and everyone who supports Spartak,” said Hristo Radev – manager of Philips Lighting Bulgaria.
The CEO of Spartak, Ivan Ivanov, added: “This partnership is an important step towards stabilizing the club, but we still have a lot of work ahead of us. We thank Philips Bulgaria for the trust and quick response. The presence of such a prestigious brand in our family is a sign of the importance of Spartak, and we will do our best to meet their high standards. We hope to move forward together.”
Contact the writer of this story, Aleksander Krassimirov, at moc.l1729502411labto1729502411ofdlr1729502411owedi1729502411sni@o1729502411fni1729502411