The Tyneside club have exercised an option to bring their two-year tie with the bank to a premature end, with director Derek Llambias hinting at a lucrative new partnership
Despite signing a two-year contract with Virgin as recently as January, the Magpies have taken up the option to end the association after just 12 months.
And Llambias confirmed that a new shirt sponsor will be announced shortly, telling reporters: "We have enjoyed a very successful partnership with Virgin Money which we thank them for.
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Virgin Money will remain as the Tyneside club's sponsors until the end of the season, ruling out the need for a new strip to be released mid-campaign."We were delighted to sponsor Newcastle United given the club's importance to the north east and had hoped that this would be a relationship that would flourish for years to come," said Virgin Money chief executive Jayne-Anne Gadhia.
"However, they have found a different option and we have to respect that."The new sponsorship deal follows the announcement that manager Alan Pardew has signed an eight-year deal with the club.