Leicester City, a Premier League football club, has found itself in a precarious situation with its front-of-shirt sponsor, BC.Game, after a court in Curaçao declared the parent brands of BC.Game bankrupt. This news comes at a time when Leicester City is struggling in the league, having suffered two losses and a draw in recent matches.
The bankruptcy ruling in Curaçao has raised questions about the future of BC.Game, with the court ruling in favor of claimants who allege that the gambling company has failed to disburse winnings totaling €1.3m and €639,000. This ruling follows months of legal pressure from the Foundation for the Advocation of Victims of Online Gambling.
Despite the bankruptcy of BC.Game’s parent brands, Leicester City has expressed confidence in its sponsor. The football club stated that BC.Game has provided assurances that they are actively appealing the bankruptcy case and have no issues with liquidity. Leicester City emphasized that the court action in Curaçao is administrative and does not reflect BC.Game’s financial status.
The two-year sponsorship deal between Leicester City and BC.Game is reportedly worth £30m and is crucial for the club’s financial stability. In September, the Foxes narrowly avoided a points deduction for breaching profit and sustainability regulations by exceeding the permitted limit for losses.
BC.Game has responded to the court judgment by confirming its appeal and highlighting inconsistencies in the evidence presented. The gambling company also suggested that the lawsuit may be orchestrated by external forces seeking unjust gain. It was also revealed that BC.Game does not have a UK gaming license and is blocked to British consumers.
In conclusion, despite the bankruptcy ruling of BC.Game’s parent brands, Leicester City remains supportive of its sponsor and believes that the situation will not impact BC.Game’s operations. The football club is hopeful that BC.Game will resolve the legal issues and continue fulfilling its contractual obligations.