Get all your news in one place.
100's of premium titles.
One app.
Start reading
Football London
Football London
Sport
Tom Coley

Why Chelsea are set to lose £20m from major cryptocurrency crash following FTX collapse

Chelsea could be set to lose millions from a potential sponsorship deal ending early. The Blues have many commercial partners ranging from the main shirt sponsors Three to Trivago but one of the more innocuous brands may be forced to pull the plug.

The Blues ran into trouble with Three earlier this year after Roman Abramovich's assets were sanctioned by the UK government in response to Russia's invasion of Ukraine and his reported actions in regard to it. The mobile phone company temporarily suspended their sponsorship and had some visible traces of the logo wiped from around Stamford Bridge, though it was never removed from the club shirts.

Three signed a major deal with the club in 2020 worth £40m a season, but that ends in 2023 and it is so far uncertain as to whether the deal will be extended. The sponsorship was renewed once the club changed hands to American owners Todd Boehly/Clearlake Capital in May.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.