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

Leicester City’s shirt sponsor has apparently had its licence withdrawed by a court just days after the Premier League club chose not to switch sponsor in spite of the company’s declaration of insolvency.

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 lucrative arrangement, Leicester expressed their joy at working with a ‘community-based, online cryptocurrency video gaming platform’.

But things started going a little pear-shaped last week when Blockdance BV and Cottage 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 pay back ₤ 1.5 m owed to a group of five bettors.

Now BC.GAME have had their gaming licence eliminated from them by the Curaçao Board (GCB), gambling trade publication NEXT.io reports.

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

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

Although the body has actually previously acquired a reputation for being lax, its new system – understood as National Ordinance for Games of Chance – has actually handled a stricter mindset and previously removed an operator called Rabidi N.V. of its licence after going insolvent.

The GCB’s managing director Cedric Pietersz will fulfill with Small House 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 believe they are based in the Far East, maybe Taiwan or Singapore.

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

The decision follows Leicester decided to stick to their ₤ 30m partner regardless of the bankruptcy declaration coming to light last week.

Bankruptcy is deemed an extraordinary event under Premier League guidelines suggesting the Foxes had a right to search for a new t-shirt sponsor however decreased to do so.

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

Leicester were not preparing to review the scenario till completion of the season in May, when the very first year of the contract had expired, however where this will alter because of the court’s latest choice stays to be seen.

Leicester stuck to the sponsor in spite of them being declared bankrupt recently

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

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

Last year, Premier League clubs agreed 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 capitalize such collaborations, including Champions League attire Aston Villa.

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

But the club effectively argued that since 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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