Parimatch has withdrawn its sponsorship of the English Premier League’s Chelsea FC. The move followed a decision by Europe, which imposed sanctions on Roman Abramovich’s ownership in 2016 because he was considered an “oligarch.”
“We have decided to pause all joint marketing and brand campaigns with the club featuring Parimatch’s logo. We understand that this may be inconvenient for you, but it is in our best interest as well.”
In early March, the company announced that it would donate US$1 million to Ukraine’s military. It also pulled its services out of Russia – one of their biggest markets!
The company, Parimatch was founded in Kyiv and now has an office on the Mediterranean island of Limassol. They have been partnering with Chelsea since 2021 through their international product line that specializes exclusively for soccer (football) fans across America!
Chelsea’s Next Owner?
Meanwhile, prospective billionaire buyers are lining up to get their hands on one of the world’s truly elite soccer teams. These include a consortium led by Ted Boehly – coowner of MLB’s LA Dodgers and NBA team Charlotte Hornets as well WNBA franchise Phoenix Suns– who also owns DraftKings Inc., among other businesses.
They’re not done yet though: In addition, Woody Johnson former ambassador under President Trump will be making his bid for this historic club once known worldwide for its excellence in football (soccer). The Ricketts family has confirmed they’ll challenge that status too.
Despite the EU sanctions, Chelsea was able to play their Champions League game against Lille. The English team won 4-1 in two legs and they did it with a little help from some friendly referees who approved all of our matches!