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

Leicester City’s shirt sponsor has reportedly had its licence revoked by a court simply days after the Premier League club opted not to change sponsor despite the business’s statement of insolvency.

Online sports wagering, gambling establishment and crypto trading platform BC.GAME signed a two-year deal with the Foxes in July worth ₤ 30million after the side got promoted to the Premier League.

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

But things started going a little pear-shaped recently when Blockdance BV and Small House BV, the platform’s moms and dad business, were stated bankrupt by a court in Curacao, the Caribbean area where the company is registered.

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

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

Leicester City’s shirt sponsor BC.Game has had its licence withdrawed after stating insolvency

The business had supposedly failed to repay 5 bettors an amount of around ₤ 1.5 million

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

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

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

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

The choice follows Leicester decided to stick to their ₤ 30m partner despite the bankruptcy declaration coming to light last week.

Bankruptcy is deemed an extraordinary event under Premier League guidelines meaning the Foxes had a right to look for a new shirt sponsor however decreased to do so.

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

Leicester were not planning to evaluate the circumstance till completion of the season in May, when the very first year of the contract had actually elapsed, however where this will change due to the court’s newest choice stays to be seen.

Leicester stuck to the sponsor despite them being declared bankrupt recently

More than half of the Premier League, consisting of Aston Villa, have betting sponsors on the front of their shirts

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

In 2015, Premier League clubs consented to ban gambling companies from front-of-shirt sponsorship deals from the 2026-27 season.

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

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

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