Paris SG suspends its collaboration with the Russian betting company Fonbet

The Paris Saint Germain suspended until the end of the season its collaboration with the Russian sports betting company Fonbet after the invasion of Ukraine, the French club, which maintains its activities for children in Moscow, said on Wednesday.

The club from the French capital is linked until 2023 with Fonbethis only Russian sponsor, with whom he reached an agreement in March 2021.

“The current events prompted us to reconsider our commitments with two Russian companies (…) We have mutually agreed with our regional partner Fonbet to suspend our agreement until the end of the season,” explained the PSG.

The other link between PSG and Russia refers to the club’s “Academy”, installed in Moscow since 2019 and serving as a football school between 3 and 15 years old.

PSG “found no reason to interrupt” its work in that field but “remains attentive to the measures that could be taken.”

Since the beginning of the invasion of Ukraine by the Russian army, at the end of February, Russia is subject to numerous sanctions aimed at its isolation.

For example, FIFA excluded Russia from the Qatar World Cup 2022 (November 21-December 18), for which the Russian team had to play a play-off at the end of March.

UEFA for its part broke its contract with the energy giant Gazprom and moved the venue for this season’s Champions League final from St. Petersburg to Paris.


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