More troubles for Chelsea FC, dumped by shirt sponsor

 

Chelsea shirt sponsor Three announced Thursday it was suspending its deal with the Premier League club after the UK government slapped sanctions on Russian owner Roman Abramovich.

A spokesman for the mobile network provider said it felt the temporary suspension was “the right thing to do” in light of the asset freeze and travel ban on the billionaire.

Chelsea initially welcomed Abramovich to the club as their new owner in 2003 and multiple Premier League and Champions League titles have been won
under his watch.

The owner's tenure now appears to be coming to an end, though, with the Russian billionaire seeing his assets frozen due to his country's ongoing military conflict with Ukraine.

What's been said?

Abramovich put Chelsea up for sale following the beginning of Russia's invasion of Ukraine, but he can no longer accept any bids after being sanctioned by the UK government.

The Blues' main shirt sponsor Three subsequently announced that their relationship with the club was under "review".

The British telecommunications and internet service provider, whose partnership with Chelsea generates £40 million per annum, have followed up by announcing the complete removal of their brand from the team jersey and around Stamford Bridge.

“We have requested Chelsea football club temporarily suspend our sponsorship of the club, including the removal of our brand from shirts and around the stadium until further notice," a statement from the company reads.

“We recognise that this decision will impact the many Chelsea fans who follow their team passionately. However, we feel that given the circumstances, and the Government sanction that is in place, it is the right thing to do."

According to Goal, Three were on the verge of extending their deal with Chelsea by another two years, which was a clause in their original contract.

The company were very happy with the arrangement prior to the Abramovich news, which is now threatening to bring a permanent end to their relationship with the club.

Hyundai 'assessing' Chelsea situation

Chelsea's sponsorship agreement with Hyundai is also now at risk, with the automotive manufacturer now "assessing" their relationship with the club in the wake of the sanctions imposed on Abramovich.

Hyundai has been the Global Automotive Partner of Chelsea since 2018, in a partnership that has reportedly been worth £10m per year, but they could yet follow Three's lead and cut ties with the club.

A company statement has been released, which reads: “Hyundai has become one of the strongest partners in football over the years and the company supports the sport to be a force for good.

"We are currently assessing the situation with Chelsea FC.”

(Goal)