SPRIBE

Leicester City Shirt Sponsor has ‘Gambling Licence Revoked By Court’

Leicester City’s t-shirt sponsor has apparently had its licence withdrawed by a court just days after the Premier League club opted not to change sponsor in spite of the business’s declaration of bankruptcy.

Online sports betting, casino and crypto trading platform BC.GAME signed a two-year handle the Foxes in July worth ₤ 30million after the side got promoted to the Premier League.

In the wake of the profitable agreement, Leicester expressed their joy at working with a ‘community-based, online cryptocurrency video gaming platform’.

But things began going somewhat pear-shaped last week when Blockdance BV and Small House BV, the platform’s parent companies, were stated insolvent by a court in Curacao, the Caribbean area where the business is registered.

It emerged that the operator had actually failed to repay ₤ 1.5 m owed to a group of 5 bettors.

Now BC.GAME have had their gaming licence eliminated from them by the Curaçao Gaming Control Board (GCB), betting trade publication NEXT.io reports.

Leicester City’s shirt sponsor BC.Game has had its licence revoked after declaring insolvency

The business had supposedly failed to repay five gamblers an amount of around ₤ 1.5 million

Although the body has actually formerly acquired a reputation for being lax, its new system – known as National Ordinance for Games of Chance – has actually handled a more stringent attitude and formerly removed an operator called Rabidi N.V. of its licence after declaring bankruptcy.

The GCB’s handling director Cedric Pietersz will meet Small House BV’s newly-appointed trustee Barbara Nagelmackers to the ruling in a hearing.

The identity of BC.GAME’s owners is unidentified although Josimar believe they are based in the Far East, perhaps Taiwan or Singapore.

The company is unlicensed throughout continental Europe and the United Kingdom and is ‘black-listed’ in a variety of nations, consisting of Greece, Bulgaria and Lithuania.

The choice comes after Leicester decided to stick to their ₤ 30m partner in spite of the personal bankruptcy statement coming to light recently.

Bankruptcy is deemed a remarkable event under Premier League guidelines suggesting the Foxes had a right to search for a brand-new shirt sponsor however declined to do so.

The club were positive in BC.Game’s claims that they had no liquidity concerns and benefited their ₤ 30m, half of which they insist has actually currently been paid.

Leicester were not planning to evaluate the scenario until completion of the season in May, when the first year of the agreement had actually elapsed, but where this will alter in light of the court’s newest decision remains to be seen.

Leicester stuck to the sponsor in spite of them being stated bankrupt last week

Over half of the Premier League, consisting of Aston Villa, have gambling sponsors on the front of their t-shirts

Pictured: Leicester stars party in a Danish nightclub before Steve Cooper’s sacking the next day

In 2015, Premier League clubs accepted ban gaming business from front-of-shirt sponsorship deals from the 2026-27 season.

But over half – 11 – of the sides in the top-flight continue to capitalize such collaborations, consisting of Champions League clothing Aston Villa.

In March this year, Leicester were charged by the Premier League for breaching spending rules for the three-year period ending in June 2023, which might have led to them being docked points at some point during the present campaign.

But the club successfully argued that due to the fact that they were no longer a top-flight club on the date they were charged, the Premier League did not have the authority to penalize them.

Leicester