Rugby chiefs to unveil Twickenham naming rights deal with Allianz
The German insurance giant will aim to become a household name in Britain by acquiring the naming rights to the home of English rugby, Sky News learns.
Monday 5 August 2024 21:27, UK
English rugby chiefs have agreed to sell the naming rights to Twickenham Stadium, the home of the national rugby union side for the last century.
The Rugby Football Union (RFU) has struck a deal with Allianz, the German insurer, to add its brand to one of the world's most famous rugby venues.
Sources said the RFU and Allianz were planning to rush through an announcement of the partnership after both were contacted by Sky News on Monday afternoon.
The value of the deal was unclear, although sources said it would represent a significant boost to the governing body's finances.
The plot of land on which the stadium sits was acquired by the RFU in 1907 at the instigation of committee member William Williams.
The RFU and Allianz have both been contacted for comment.
Allianz previously sponsored the home ground of Saracens, the serial Premiership winners.
The insurer abandoned the partnership while Saracens was cast into the wilderness after being found to have breached salary cap rules.
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The naming rights deal will become one of the most prominent in Britain, and rival the likes of the Emirates and Etihad stadia, which are the homes of Arsenal and Manchester City respectively.