https://www.theage.com.au/sport/afl/amart-replaces-kia-in-2m-mega-deal-for-dons-20180821-p4zyvv.html
https://www.theage.com.au/sport/afl/amart-replaces-kia-in-2m-mega-deal-for-dons-20180821-p4zyvv.htmlAmart replaces Kia in $2M mega deal for Dons
Sam McClure
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Essendon’s failure to qualify for the finals hasn’t hurt the club’s ability to lure a new major sponsor, with furniture giant Amart signing on in what will be one of the biggest sponsorship deals in Australian sport.
In a deal believed to be worth more than $2 million a season, The Age can reveal that Amart has signed on as the club’s new co-major sponsor, replacing Kia, with the car manufacturer disappointed not to be continuing its relationship with Essendon.
Essendon will miss the finals, but have nabbed a lucrative sponsorship deal.
Photo: AAP
It’s believed the partnership between Amart and Essendon is for at least four years.
While the club was keen to keep Kia as a sponsor, the offer from Amart was too good to refuse, considering the debt the club is still in debt following the infamous supplements scandal.
After announcing a record $4 million profit last year, Essendon planned to be debt free by mid 2019 and the new deal with Amart will go a long way to achieving that.