{"id":345891,"date":"2011-03-28T23:01:27","date_gmt":"2011-03-28T23:01:27","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/28\/boat-race-sponsor-to-end-contract\/"},"modified":"2011-03-28T23:01:27","modified_gmt":"2011-03-28T23:01:27","slug":"boat-race-sponsor-to-end-contract","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/28\/boat-race-sponsor-to-end-contract\/","title":{"rendered":"Boat race sponsor to end contract"},"content":{"rendered":"

\n \t\t
\n 28 March 2011<\/span>
\nLast updated at <\/span>19:01 ET<\/span>
\n<\/span><\/p>\n

University Boat Race title sponsor Xchanging is to end its backing of the Oxford and Cambridge event when the current contract expires in 2012.<\/p>\n

Xchanging, an outsourcing company, will have sponsored the event for eight years when it ends its association with the 158th race next year.<\/p>\n

The firm has recently hit financial turbulence and last month announced the departure of its chief executive. <\/p>\n

Boat race organisers said they were confident of finding another backer.<\/p>\n

David Searle, executive director of The Boat Race Company, said: “We are now focused on finding a new title sponsor for the event from 2013.<\/p>\n

“Given the success of the race and its growing TV, radio and online audience around the world – reaching more than 200 countries – we are confident of securing another partner wanting to help us take the event forward.”<\/p>\n

Xchanging, which runs accounting, personnel, and technology functions for companies, issued a profits warning last month, sending its share price plunging.<\/p>\n<\/p><\/div>\n<\/p>\n

Link:
\nBoat race sponsor to end contract<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

28 March 2011 Last updated at 19:01 ET University Boat Race title sponsor Xchanging is to end its backing of the Oxford and Cambridge event when the current contract expires in 2012. 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