Newcastle Jets, who last week went into liquidation, have signed a new shirt-sponsorship deal with building company Beechwood Homes, reports, www.sportspromedia.com/.

The deal is an important one for the Jets as they seek to stabilise their sporting business. Nathan Tinkler, the Jets' owner, placed the club into administration following a period of financial difficulty, leading to the Football Federation of Australia (FFA) to revoke their A-League licence.

That licence has since been reinstated, and the Beechwood Homes deal is the first major step toward the club ensuring their financial stability ahead of the forthcoming season. Beechwood's logo will feature on the front of the Jets' playing jerseys for at least the duration of the 2015/16 season.

The Jets' chief executive, Mitchell Murphy, said: "Today we enter into the first year of what will hopefully become a long and mutually beneficial partnership with an organisation that truly cares for and delivers results for local people. It is a proud day for the Newcastle Jets to launch this major sponsorship with Beechwood Homes."

Beechwood Homes managing director Vic Cavasinni added: "We are pleased to support the communities that support us. The people of Newcastle and the Hunter deserve a team in the nation's elite soccer competition and we are pleased to help out."