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Newcastle United are on the brink of announcing their new sponsors.

The Chronicle understands that the Magpies have agreed a deal with a Chinese company who will have their name emblazoned across the club’s new kit next season.

It is believed that the Chinese investors are an online betting firm and have agreed a big money deal with Newcastle.

Details of the length of the contract and value of the deal will be unveiled by United in the next week.

Newcastle successfully negotiated the deal to replace current sponsors Wonga in the last month.

The new sponsorship deal comes on the back of a successful business trip arranged by managing director Lee Charnley and the club’s commercial team.

The trip, which we reported on March 28, also involved talk of a summer tour in China but that is unlikely to be this summer as United were unable to confirm dates after becoming embroiled in a fierce promotion race.

The new sponsors also won’t see any renaming issues crop up again at St James’ Park.

Newcastle’s kit sponsor will continue to be Puma.

United have been putting the final touches to the club’s new shirt which will be released soon complete with the new sponsor.