Connect with us

International

Getir quits England with multi-million pound Tottenham Hotspur debt | business news

Getir quits England with multi-million pound Tottenham Hotspur debt |  business news

 


Grocery delivery app Getir, which confirmed plans to exit the UK this month, has millions of pounds worth of outstanding debt to Tottenham Hotspur Football Club.

Sky News understands that Turkey-based Getir, whose three-year training kit sponsorship deal with Spurs expired at the end of the Premier League season on Sunday, owes the club close to £5 million.

News of the outstanding debt comes as Getir attempts to access an agreed tranche of funding from major investors Mubadala and G Squared to facilitate its exit from the UK, Germany and the Netherlands.

It was unclear this weekend whether the delivery app, which means 'to fetch' in Turkish, had the means to resolve its financial obligations to Spurs.

The company was once valued at around £10 billion, but its deteriorating finances forced it to return to its home market, cutting thousands of jobs.

The withdrawal from the UK puts around 1,500 jobs at risk, Sky News revealed earlier this month.

Companies like Getir have scored big wins during the pandemic, raising funding at astronomical valuations.

The decline highlights the declining value of technology companies once hailed as the new giants of food retailing.

Many of its competitors have already gone bankrupt, while others have been swallowed up as part of a wave of desperate consolidation.

Getir itself acquired Gorillas in a $1.2 billion stock-based deal that closed in December 2022.

Getir and Tottenham Hotspur both declined to comment.

Sources

1/ https://Google.com/

2/ https://news.sky.com/story/getir-quits-uk-with-multimillion-pound-tottenham-hotspur-debt-13139824

The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

ExBUlletin

to request, modification Contact us at Here or [email protected]