German football club Schalke 04 cancel partnership with Gazprom
BERLIN: German football club Schalke 04 said on Monday (Feb 28) they were cancelling their partnership with Gazprom ahead of schedule.
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BERLIN: German football club Schalke 04 said on Monday (Feb 28) they were cancelling their partnership with Gazprom ahead of schedule.
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 dollars) per year in sponsorship. 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.
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BERLIN : German soccer club Schalke 04 said it was cancelling its partnership with Gazprom ahead of schedule.
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