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

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

Online sports betting, casino and crypto trading platform BC.GAME signed a two-year handle the Foxes in July worth ₤ 30million after the side got promoted to the Premier League.

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

But things started going somewhat pear-shaped recently when Blockdance BV and Small House BV, the platform’s parent companies, were declared insolvent by a court in Curacao, the Caribbean territory where the business is registered.

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

Now BC.GAME have had their gaming licence eliminated 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 declaring bankruptcy

The company had apparently failed to pay back 5 gamblers a sum of around ₤ 1.5 million

Although the body has formerly gotten a credibility for being lax, its new system – called National Ordinance for Games of Chance – has taken on a more stringent mindset and formerly removed an operator called Rabidi N.V. of its licence after declaring bankruptcy.

The GCB’s handling director Cedric Pietersz will consult with Cottage BV’s newly-appointed trustee Barbara Nagelmackers to talk about the judgment in a hearing.

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

The business is unlicensed throughout continental Europe and the United Kingdom and is ‘black-listed’ in a variety of nations, consisting of Greece, Bulgaria and Lithuania.

The decision comes after Leicester decided to stick with their ₤ 30m partner in spite of the bankruptcy statement coming to light recently.

Bankruptcy is considered a remarkable occasion under Premier League rules suggesting the Foxes had a right to look for a new t-shirt sponsor but declined to do so.

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

Leicester were not planning to examine the circumstance up until the end of the season in May, when the first year of the contract had elapsed, but where this will alter in light of the court’s newest choice stays to be seen.

Leicester stuck with the sponsor despite them being declared bankrupt recently

Majority of the Premier League, including Aston Villa, have betting sponsors on the front of their t-shirts

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

In 2015, Premier League clubs concurred to ban gambling business from front-of-shirt sponsorship offers from the 2026-27 season.

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

In March this year, Leicester were charged by the Premier League for breaching costs rules for the three-year duration ending in June 2023, which could have resulted in them being docked points at some time during the existing project.

But the club effectively argued that since they were no longer a club on the date they were charged, the Premier League did not have the authority to punish them.

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