Liverpool’s main sponsors, Standard Chartered, were at the center of a serious allegation on Tuesday afternoon.
A British bank whose name appears on the front of Reds kits has been accused of carrying out billions of dollars worth of transactions for terror group sponsors. The bank allegedly conducted transactions exceeding $100 billion between 2008 and 2013, violating sanctions against Iran.
This number far exceeds the total for Standard Chartered, which they pleaded guilty to when they escaped prosecution and settled a criminal money-laundering case in 2012. They also admitted further violations in a separate case in 2019, leading the bank to pay a combined more than $1.7 billion in fines to US and UK authorities.
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In a statement to the ECHO, the bank said: “This filing is another attempt to use claims against the bank after previous failed attempts. The false allegations on which it is based have been thoroughly discredited by US authorities who have carried out a comprehensive investigation into the claims.” and said they were “unwarranted” and showed no violation of U.S. sanctions. We are confident that the courts will reject these claims, as they have repeatedly done.
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Who are Standard Chartered?
A multinational banking and financial services company based in London. The company was founded in 1969 by the merger of the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China and operates in more than 70 countries around the world.
The bank primarily focuses on Asia, Africa and the Middle East and offers a wide range of services, including personal and corporate banking, wealth management and investment banking.
When did Liverpool first link up with Standard Chartered?
In September 2009, it was announced that Standard Chartered had agreed to become Liverpool’s main sponsor, with the deal taking effect from July 2010. The deal is worth more than £50 million a year to the Reds.
When does Liverpool’s contract with Standard Chartered expire?
Liverpool have extended their partnership with Standard Chartered in the summer of 2022, running until the end of the 2026/27 season. The deal also includes sponsorship of LFC Women and the Reds’ Academy.
Who sponsored Liverpool before Standard Chartered?
Liverpool only had four previous main kit sponsors before Standard Chartered, the last of which was Carlsberg. The multinational brewery first appeared on Liverpool kits in 1992 and remained a presence until 2010.
Prior to that, Liverpool partnered with Italian home appliance company Candy from 1998 to 1992, plus Crown Paints (1988-1992) and Hitachi (1979-1982).
The Reds became the first English club to sign a shirt sponsorship deal in 1979 after agreeing to have Japanese electronics company Hitachi appear on their strip.