Chelsea Review Their Sponsorship With Parimatch After Ukrainian President Volodymyr Zelensky Sanctioned Them
After learning that Ukrainian president Volodymyr Zelensky has reprimanded the betting company connected to owner Todd Boehly, Chelsea is evaluating its sponsorship agreement with Parimatch Tech.
Chelsea review their sponsorship with Parimatch after Ukrainian president Volodymyr Zelensky sanctioned them for 'financing Russian schemes' during the ongoing war
Parimatch is one of 287 businesses barred from engaging in any economic or financial activity in Ukraine for the next 50 years on a new sanctions list released by president Zelensky last Friday.
As part of a three-year sponsorship agreement with Chelsea, Parimatch will have its logo shown on LED screens at Stamford Bridge.
A year after the invasion of Ukraine, which Zelensky claims directly aided Vladimir Putin's dictatorship, the company has been sanctioned for continuing to do business in Russia.
'These are more than 280 companies and 120 people who, through gambling business schemes, worked against Ukraine, withdrew funds from our state and financed various Russian schemes,' Zelensky stated.
'It took some time to prepare the decision. It has been thoroughly worked out and closes schemes worth tens of billions.'
Chelsea is examining their contract with Parimatch, which also has business agreements with Newcastle, Aston Villa, and Leicester. Chelsea was only made aware of the fines when they were informed earlier today.
The newest sanctions imposed by Zelensky target 120 predominantly Russian individuals and 287 business companies, many of whom participate in the gambling industry.
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