Schalke 04 Confirm 5-Year Renewal of Gazprom Sponsor
May 19, 2011
German Bundesliga club and UEFA Champions League semi-finalist Schalke 04 has extended its sponsorship deal with Russia’s Gazprom for another five years, the club said yesterday, May 18.
Schalke confirmed on their website that the deal with Russia’s top natural gas firm was finalised in Moscow on Tuesday, May 17, night and will keep Gazprom as sponsors until June 2017 with the current deal set to run out at the end of next season.
The Gelsenkirchen-based club stated: “During the conversations, the great success of the partnership between Schalke 04 and Gazprom was emphasised.
“Gazprom quickly established itself at the top of the German football sponsorship through the deal with Schalke and has stayed there for several years.”
The DPA news agency said the deal could be worth up US$21.4m a year to the club which have faced serious financial difficulties in recent times.