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Leicester City faces sponsorship crisis as BC.GAME loses licence

Sudhanshu Ranjan December 2, 2024
Leicester City faces sponsorship crisis as BC.GAME loses licence

The football world is no stranger to controversy, but the ongoing saga involving BC.GAME and Leicester City raises fresh concerns about the risks of gambling sponsorships. Reports of BC.GAME losing its operating licence and battling bankruptcy have thrown its partnership with Leicester City into question. As the Premier League prepares to phase out betting sponsorships, this case highlights the challenges clubs face when aligning with high-risk sectors.

Understanding BC.GAME’s position

Recent reports suggest BC.GAME is embroiled in legal battles with customers alleging misconduct and system failures that resulted in financial losses. These accusations have fuelled bankruptcy rumours, which the company vehemently denies.

The Curaçao Gaming Control Board has reportedly moved to revoke BC.GAME’s licence, a significant blow to its operations. Losing this licence not only impacts its reputation but also its ability to operate in regulated markets.

Leicester City’s partnership with BC.GAME, featuring the company as its front-of-shirt sponsor, was a lucrative deal. Such sponsorships are vital for clubs, especially those balancing financial stability and competitive performance. Losing BC.GAME as a sponsor could have severe financial repercussions. The club, already navigating financial challenges under the Premier League’s Profit and Sustainability Rules, risks further instability.

The club stated, “BC.GAME have provided the club with the strongest assurances that they are actively appealing this case, and that the process which has been initiated in Curaçao is administrative in nature and has not arisen due to any concerns with their financial standing.

“BC.GAME have further assured us that they have no issues with liquidity and that they remain fully committed to meeting their ongoing contractual and financial obligations, including to the club, and that this case will not impact on BC.GAME’s continuing international operations.”

Premier League’s stance on gambling sponsorships

The Premier League has committed to ending front-of-shirt betting sponsorships by the 2026/27 season. BC.GAME’s troubles serve as a case study in why this policy is timely and necessary.

Regulators like the UK Gambling Commission have warned clubs about the dangers of associating with operators that lack a UK presence. This case highlights the reputational risks and financial uncertainty such partnerships can bring. Critics argue that gambling sponsorships normalise harmful behaviour and exploit vulnerable individuals. Campaigners may use the BC.GAME controversy to push for stricter regulations, emphasising the need for ethical partnerships in sports.

The way forward for Leicester City FC

To safeguard its finances, Leicester City must explore alternative sponsorship opportunities. Diversifying revenue streams, such as local partnerships or tech industry collaborations, could reduce reliance on high-risk sectors. This controversy serves as a cautionary tale for clubs worldwide. Conducting thorough due diligence and prioritising long-term stability over short-term gains are essential steps for sustainable operations.

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