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

Leicester City’s shirt sponsor has apparently had its licence revoked by a court just days after the Premier League club opted not to change sponsor despite the company’s declaration of personal bankruptcy.

Online sports wagering, gambling establishment 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 profitable arrangement, Leicester revealed their happiness at working with a ‘community-based, online cryptocurrency gaming platform’.

But things began going somewhat pear-shaped recently when Blockdance BV and Cottage BV, the platform’s parent business, were stated bankrupt by a court in Curacao, the Caribbean territory where the business is signed up.

It emerged that the operator had actually failed to pay back ₤ 1.5 m owed to a group of 5 bettors.

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

Leicester City’s t-shirt sponsor BC.Game has had its licence revoked after declaring insolvency

The company had apparently stopped working to pay back 5 gamblers an amount of around ₤ 1.5 million

Although the body has previously acquired a track record for being lenient, its brand-new system – referred to as National Ordinance for Games of Chance – has taken on a more stringent attitude and formerly removed an operator called Rabidi N.V. of its licence after declaring bankruptcy.

The GCB’s handling director Cedric Pietersz will meet with Small House BV’s newly-appointed trustee Barbara Nagelmackers to discuss the ruling in a hearing.

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

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

The choice comes after to stick to their ₤ 30m partner regardless of the insolvency statement emerging recently.

Bankruptcy is deemed an exceptional occasion under Premier League guidelines indicating the Foxes had a right to search for a brand-new shirt sponsor however decreased to do so.

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

Leicester were not planning to evaluate the scenario till completion of the season in May, when the first year of the contract had actually expired, but where this will alter due to the court’s latest decision remains to be seen.

Leicester stuck with the sponsor in spite of them being declared bankrupt last week

Over half of the Premier League, consisting of Aston Villa, have gambling sponsors on the front of their t-shirts

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

Last year, Premier League clubs accepted ban gambling business from front-of-shirt sponsorship offers from the 2026-27 season.

But more than half – 11 – of the sides in the top-flight continue to cash in on such collaborations, consisting of Champions League outfit 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 might have resulted in them being docked points at some time throughout the present project.

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 punish them.

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