Uefa terminates £100m Gazprom sponsorship as sport shuts out Russia February 28, 2022 European football’s governing body Uefa has confirmed the termination of its long-standing sponsorship deal with Russian state energy company Gazprom. The move came as Uefa banned Russian teams from its international and club competition following the country’s invasion of Ukraine. “Uefa has today decided to end its partnership with Gazprom across all competitions,” it said. [...]
Sport is guilty of shutting its eyes to Russia’s geopolitical ambitions February 27, 2022 Roman Abramovich’s near 20-year ownership of Premier League club Chelsea has been shrouded in mystery and therefore subject to constant scrutiny and speculation. Indeed, until the weekend, it remained unclear why he is there and what he is seeking to achieve. The oligarch has denied having direct links with Vladimir Putin but has been seen [...]
Carabao Cup has enough fizz to make business sense despite what its critics say February 25, 2022 The Carabao Cup, which concludes on Sunday when Chelsea play Liverpool at Wembley, is perennially fending off calls for its demise and remains the butt of many a joke. Its future beyond 2024 remains uncertain, when an expanded Champions League is set to tighten the squeeze on English football’s secondary domestic cup competition. And it [...]
Uefa calls meeting to move Champions League final from Russia February 24, 2022 European football’s governing body Uefa has called an extraordinary meeting for tomorrow morning when it is expected to strip Russia of the Champions League final. St Petersburg had been due to stage the biggest game in club football on 28 May but Russia’s invasion of Ukraine this week has seen pressure on Uefa to move [...]
KPMG ditches golfer Mickelson over Saudi breakaway tour row February 23, 2022 KPMG has terminated its long-standing sponsorship of Phil Mickelson in the wake of the US golfer’s comments supporting a proposed Saudi-backed tour. Mickelson apologised on Tuesday for remarks in which he pushed the case for a new circuit despite acknowledging Saudi Arabia’s “horrible record on human rights”. KPMG on Mickelson’s cap has been one of [...]
Oracle Red Bull Racing sign record breaking sponsorship deal with Bybit February 16, 2022 Formula 1 team Oracle Red Bull Racing have agreed a world record sponsorship deal with cryptocurrency exchange Bybit. The three-year contract is believed to be worth $150m (£111m), making it the biggest crypto commercial partnership in sport in terms of yearly value. “I’m delighted to welcome Bybit to the Team,” said team principal and chief [...]
Manchester United sign blockchain platform Tezos as training kit sponsor February 10, 2022 Manchester United have confirmed a training kit sponsorship deal with blockchain platform Tezos. The multi-year agreement is believed to be worth more than £20m a season, representing an increase on their previous contract with insurer Aon. It will Tezos appear on the training kit worn by both United’s men’s and women’s team, starting immediately. “This [...]
Why Team GB athlete Lorraine Ugen started her own sportswear brand Unsigned February 9, 2022 British track and field star Lorraine Ugen is launching her own self-funded sportswear brand, Unsigned, for athletes without sponsorship contracts. World, European and Commonwealth Games medallist Ugen wants the label to highlight the growing number of athletes who don’t have endorsement deals. The long jump and sprint specialist, 30, also hopes the budding business can [...]
Sponsors and Peta round on West Ham over Zouma February 9, 2022 West Ham United sponsor Experience Kissimmee says it is “evaluating its relationship” with the club after it failed to suspend Kurt Zouma for apparently abusing an animal. The Hammers picked Zouma for last night’s Premier League match against Watford despite earlier condemning footage of him kicking and hitting a cat. Animal protection group Peta, meanwhile, [...]
Spotify set for £237m Barcelona sponsorship deal February 8, 2022 Spotify are close to agreeing a sponsorship deal with Barcelona that would be among the biggest in football, according to reports in Spain. The music streaming platform would pay the Catalan club €280m (£237m) over three years, said radio station RAC1. In return Spotify would get naming rights to Barcelona’s stadium, which would be rebranded [...]