Chelsea Football Club is without a doubt in serious difficulty as a result of the club’s owner, Roman Abramovich, being placed on the British government’s sanctions list for his ties to Russian President Vladimir Putin, know the club’s sponsors list
The sanctions not only limit a large number of Chelsea’s revenue sources and the club’s prospective sale, but they may also have far-reaching consequences for the club’s sponsors.
Sponsors will only put their money into a successful and popular brand, as we’ve seen many times at the top levels of competitive sports, and there’s a significant chance Chelsea will be neither by the conclusion of the season.
Chelsea Sponsorship Deals Value, Revenue, Full Sponsors List And News
Chelsea boasted no fewer than 20 sponsors across many divisions just before Abramovich was sanctioned by the British authorities.
Nike, telecoms firm Three which has a three year deal worth 40 million pounds yer, and hotel booking service Trivago are the club’s three biggest sponsors, according to its website, who are referred to as “Principal Partners.”
A second tier of “Official Partners,” which comprises 14 firms, follows those three major sponsors. Cadbury, EA Sports, Fiserv, Go Markets, Hublot, Hyundai, Levy Restaurants, MSC Cruises, Pari Match, Singha, Sure, Vitality Health Insurance, Yokohama Tyres, and Zapp are among the companies that have made the list.
The full list of the revenue generated from the deals and jersey sales can be viewed here.
Will Chelsea’s Sponsors Renegotiate Their Contracts?
Despite the fact that the Chelsea owner’s sanctions were just disclosed on Thursday, several sponsors have already begun to reassess their relationships with the club.
Three, a telecommunications firm and one of the club’s “Principal Partners,” stated on Thursday afternoon that their sponsorship will be terminated.
“In light of the government’s recently announced fines, we have requested that Chelsea Football Club temporarily cease our sponsorship of the club, including the removal of our mark from jerseys and around the stadium until further notice,” the business stated in a statement.
Three is not only one of Chelsea’s major sponsors, but also one of the most well-known, with its emblem splashed throughout the club’s current uniforms.
“Hyundai has been one of the strongest partners in football over the years, and the firm encourages the sport to be a force for good,” Hyundai said. We’re actively reviewing Chelsea FC’s position.”
Then, shortly after the Hyundai announcement, Chelsea’s initial sponsor, Plan International, announced that they would be terminating their relationship with the club.
Tivago, another “Principle Partner,” issued a statement on Friday, but happily for the club, it simply indicated that they had no plans to withdraw their contract. Nike went onto affirm the same.
Also Read: Darts Premier League All-Time Winners List And Prize Money Pool Distribution
Recommended: The Sports Fan App