Bundesliga side Schalke 04 has terminated its partnership with Gazprom over Ukraine-Russia Crisis

Spread the love

Schalke 04, German football club, has announced the end of their sponsorship deal with Gazprom, a Russian state-owned company.

Gazprom and Schalke 04 – A New Deal on the Horizon? - Futbolgrad

It follows President Vladimir Putin’s call for Russia to invade Ukraine.

Gazprom, the Russian energy firm, is a significant sponsor of the Champions League and is majority-owned by the Russian government.

Nord Stream 2 CEO Matthias Warnig, a former officer in East Germany’s notorious Stasi secret state police and a known Putin friend, has played a key role in the connection between Schalke and Gazprom.

Warnig stepped down from the Schalke board of directors earlier this week.

Prior to their 1-1 tie with Karlsruher on Saturday, Schalke had already decided to remove Gazprom’s name from their shirts.

See also  Pierre-Emerick Aubameyang shows love to mum Margarita Crespo Aubameyang at 60

The main sponsor’s logo was simply swapped out with the German team’s name.

Schalke has issued a statement announcing that its agreement with Gazprom has been terminated completely.

They have so stopped a collaboration that began in 2007.

‘The board of directors of FC Schalke 04 has decided to prematurely conclude the cooperation between S04 and GAZPROM, with the permission of the supervisory board,’ the club said in a statement.

‘The Executive Board and Supervisory Board are in discussions with representatives of the current principal sponsor, and more details will be released as soon as possible.’

For Russia’s invasion in Ukraine, the US has sanctioned Warnig and Nord Stream 2, a subsidiary of Gazprom.

The $11 billion Nord Stream 2 gas pipeline, which travels under the Baltic Sea from near St Petersburg to Germany, bypassing existing gas pipeline routes through Ukraine, is expected to treble Russia’s natural gas exports to Germany. However, due to the onset of the war in Ukraine, the operation’s initiation has been halted.

See also  Fans Racially Attack France Trio Following Their FIFA World Cup Defeat To Argentina

The pipeline had been awaiting German government clearance, which has now been put on hold due to international penalties imposed on Nord Stream 2 and Warnig.

Schalke were demoted from Germany’s top league, the Bundesliga, last season, but they remain one of the most popular clubs in the country, with a 62,000-seater stadium in Gelsenkirchen, in the densely populated Ruhr region in the north.

On Monday, Ukrainian and Russian delegations will meet for discussions, despite Ukrainian President Volodymyr Zelensky’s assertion that substantive conversation is unlikely.

UN General Assembly holds emergency special session on Russia's Ukraine  invasion today

The next 24 hours, Zelensky added, would be a “crucial period” ahead of an emergency United Nations General Assembly meeting.

Meanwhile, the significant battle has erupted between Russian and Ukrainian soldiers ahead of the widely anticipated assault on Kyiv, the Ukrainian capital.

Leave a Reply

1 Comment

%d bloggers like this: