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Gelsenkirchen, Germany, Feb 28 (AFP): German football club Schalke 04 announced Monday it had prematurely ended its partnership with Russian gas giant Gazprom following Russia’s invasion of Ukraine.<\/p>\n
The deal between the second-tier German club and Gazprom had been due to run until 2025 with Schalke receiving around nine million euros ($10 million) per year in sponsorship.<\/p>\n
Had the Gelsenkirchen-based club won promotion back to the Bundesliga at the end of this season, the sponsorship figure would have risen to 15 million euros annually.<\/p>\n
Schalke had already removed the Gazprom logo from their shirts for Saturday’s 1-1 draw at Karlsruhe.<\/p>\n
In a statement, Schalke said their finances were “unaffected by this decision”.<\/p>\n
“The club’s management is confident that it will be able to present a new partner in the near future.”<\/p>\n
Gazprom representative Matthias Warnig resigned from the club’s supervisory board last Thursday.<\/p>\n
Hans-Joachim Watzke, interim president of the German Football Association (DFB), had already hinted there could be financial aid for Schalke if they split from Gazprom.<\/p>\n
“If this requires the solidarity of other clubs in Germany to get them out of this situation, then we have to discuss how we can manage that,” Watzke told ZDF.<\/p>\n
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Gelsenkirchen, Germany, Feb 28 (AFP): German football club Schalke 04 announced Monday it had prematurely ended its partnership with Russian gas giant Gazprom following Russia’s invasion of Ukraine. The deal between the second-tier German club and Gazprom had been due to run until 2025 with Schalke receiving around nine million euros ($10 million) per year […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":{"0":"post-185484","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-sports"},"_links":{"self":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/185484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/comments?post=185484"}],"version-history":[{"count":0,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/posts\/185484\/revisions"}],"wp:attachment":[{"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/media?parent=185484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/categories?post=185484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arunachaltimes.in\/index.php\/wp-json\/wp\/v2\/tags?post=185484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}