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.
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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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