Live tv
search
  1. You Are At:
  2. English News
  3. Sports
  4. Football
  5. Premier League 2021-22: Everton halt sponsorship by sanctioned Russian billionaire

Premier League 2021-22: Everton halt sponsorship by sanctioned Russian billionaire

Alisher Usmanov's companies USM, Megafon and Yota -- who had commercial sponsorship arrangements with the club -- were suspended with immediate effect, Everton said in a statement.

India TV Sports Desk Edited by: India TV Sports Desk Liverpool Updated on: March 03, 2022 11:41 IST
Everton ukraine russia
Image Source : AP PHOTO

Last week Everton players held Ukrainian flags before an English Premier League match at their home ground Goodison Park in Liverpool.

Highlights

  • Usmanov is a long-time business partner of the club's majority shareholder
  • Usmanov, along with Farhad Moshiri, bought the naming rights of new Everton stadium for £30 million
  • Club manager Frank Lampard said the decision to suspend their sponsorship deals was the right thing

Everton decided on Wednesday to halt their major sponsorship with companies belonging to Alisher Usmanov, the Russian metals tycoon who has been sanctioned by the European Union. The move came in the wake of Russia's invasion of Ukraine.

"The club can confirm that it has suspended with immediate effect all commercial sponsorship arrangements with the Russian companies USM, Megafon and Yota," Everton said in a short statement.

They are Usmanov's companies, with USM having sponsored Everton's training facility since 2017.

Usmanov, who is a long-time business partner of the club's majority shareholder, Farhad Moshiri, paid Everton 30 million pounds in January 2020 to secure an exclusive option on naming rights for their proposed new stadium at Bramley-Moore Dock that is scheduled to be completed by 2023.

Everton manager Frank Lampard, who joined the club last month, said the decision to suspend their sponsorship deals with Usmanov's companies was "a show of us, as a club, doing the right thing".

"If it feels right for the club, then it's the right thing to do," Lampard said. "At the moment, we are seeing it done very regularly across the world."

Everton has a Ukrainian player, Vitalii Mykolenko, in their squad and Lampard said the left back will play a part in the team's match against fifth-tier Boreham Wood in the fifth round of the FA Cup on Thursday.

(Reported by AP)

Latest Sports News