Bangor 1876 FC have announced a major sponsorship deal with Watkin Property Ventures (WPV), who have pledged three years of support to the club to help give them a firm foundation to the running the new club.
The deal, which is in excess of £34,000 over the three year term, will be specifically in support of the rent for Treborth, Insurance, Management Costs, Affiliations for League and Cup competitions, and equipment.
WPV is a newly established company that has been set up in Bangor by Mark Watkin Jones, former CEO of Watkin Jones PLC. Mark recently stepped down from that role, three years after leading the Watkin Jones company to a successful flotation on the London Stock Exchange.
Mark Watkin Jones, CEO of WPV said “We are delighted to be able to offer support to CPD Bangor 1876 FC and we felt that by committing to an initial three year period of commitment that it would give the new club a firm financial foundation in which to build its aspirations.”
“We have carefully considered how best to do this and have opted for supporting the more back of house activities, leaving the opportunities for the club to gather further support from match day and player sponsorships, and other branding opportunities such as training kits.”
Mark Watkin Jones added: “Our support in years Two and Three is also conditional on the club being run on at least a break even position in years One and Two. In our opinion this offers a great incentive to the club to manage its financial affairs effectively. We wish them every success with their new club”
Les Pegler, on behalf of CPD Bangor 1876 FC, said: “We are extremely excited about this partnership and the opportunities it presents. We look forward to growing our relationship with Watkin Property Ventures still further in the next three years.”
“This is a ground-breaking moment that ensures CPD Bangor 1876 FC will be at the very heart of Bangor and the local community.
“We have a firm commitment as a club to support the area, its businesses and people, as well as market Bangor to a wider audience. The partnership with WPV will now allow us to push on further and develop the club to the highest level possible.”