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

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

Online sports wagering, gambling establishment 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 rewarding agreement, Leicester revealed their joy at working with a ‘community-based, online cryptocurrency video gaming platform’.

But things began going slightly pear-shaped recently when Blockdance BV and Small House BV, the platform’s parent business, were declared bankrupt by a court in Curacao, the Caribbean area where the business is signed up.

It emerged that the operator had stopped working to pay back ₤ 1.5 m owed to a group of five gamblers.

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

Leicester City’s t-shirt sponsor BC.Game has had its licence withdrawed after stating bankruptcy

The company had actually apparently failed to repay 5 gamblers an amount of around ₤ 1.5 million

Although the body has actually formerly gained a reputation for being lenient, its brand-new system – understood as National Ordinance for Games of Chance – has actually handled a stricter mindset and previously stripped an operator called Rabidi N.V. of its licence after declaring bankruptcy.

The GCB’s managing director Cedric Pietersz will consult with Cottage BV’s newly-appointed trustee Barbara Nagelmackers to talk about the judgment in a hearing.

The identity of BC.GAME’s owners is unknown although Josimar think they are based in the Far East, possibly Taiwan or Singapore.

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

The choice follows Leicester chose to stick with their ₤ 30m partner despite the bankruptcy statement coming to light last week.

Bankruptcy is deemed a remarkable occasion under Premier League rules meaning the Foxes had a right to look for a new t-shirt sponsor however declined to do so.

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

Leicester were not planning to evaluate the circumstance till the end of the season in May, when the first year of the agreement had actually elapsed, however where this will alter due to the court’s latest decision stays to be seen.

Leicester stuck to the sponsor regardless of them being declared bankrupt recently

Majority of the Premier League, consisting of Aston Villa, have betting sponsors on the front of their t-shirts

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

In 2015, Premier League clubs accepted ban betting companies from front-of-shirt from the 2026-27 season.

But over half – 11 – of the sides in the top-flight continue to cash in on such partnerships, consisting of Champions League attire Aston Villa.

In March this year, Leicester were charged by the Premier League for breaching costs guidelines for the three-year duration ending in June 2023, which might have led to them being docked points eventually throughout the current campaign.

But the club effectively argued that because 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