Gulf Air buys into Premiership dream
by This email address is being protected from spam bots, you need Javascript enabled to view it on Friday, 04 July 2008
Middle East airlines' love of London football shows no sign of abating, with Gulf Air joining Emirates and Etihad as sponsors of their own club in England's capital.
Gulf Air announced it has signed a three year, 7 million pounds ($14 million) deal to be the sponsor of Queens Park Rangers (QPR), a club currently in the Coca-Cola Championship, the second tier of the English league system.
The scale of the deal does depend on success. Only 1 million pounds per year will be paid while the club remains in the Championship, but will increase to 3 million pounds for any year spent in the lucrative Premiership along side Emirates-sponsored Arsenal and Etihad-sponsored Chelsea.
QPR have had their sights set on the Premiership since being bought last year by some of the world's richest men: Flavio Briatore, managing director of the Renault Formula One team; Indian industrialist Lakshmi Mittal; and Formula One boss Berni Ecclestone.
READERS' COMMENTS
MORE FROM ARABIANBUSINESS.COM
TOP IN MIDDLE EAST SPORT
TOP MIDDLE EAST BUSINESS STORIES
ALSO IN MIDDLE EAST SPORT
LATEST MIDDLE EAST BUSINESS NEWS
- Transportation: RTA unveil new plans for driver safety in Dubai
- Politics & Economics: Emerging markets 'havens for stolen assets' - World Bank
- Energy: Pressure seen easing on struggling Saudi power grid
- Travel & Hospitality: Dubai hoteliers 'need to get real on room rates'
- Politics & Economics: Al Habtoor chief upbeat on Dubai future
SHARE PRICE CHECK
RELATED STORIES
Gulf Air
- Gulf Air workers stage labour protest
6 Nov '09 | News - Audit report exposes faults in major Bahrain firms
5 Nov '09 | News - Gulf Air staff plan three minute protest over pay
26 Oct '09 | News




