Inside Standard Chartered Liverpool deal after serious allegations emerge

Liverpool’s main sponsor, Standard Chartered, was at the center of a serious accusation on Tuesday afternoon.

The British bank, whose name appears on the front of the Reds’ kits, has been accused of carrying out billions of dollars in transactions for financiers of terrorist groups. It is alleged that the bank carried out transactions worth more than $100 billion between 2008 and 2013, in violation of sanctions against Iran.

That figure is far higher than the total that Standard Chartered admitted when it escaped prosecution and settled a criminal case for money laundering in 2012. They also admitted a further offense in 2019 in a separate case, forcing the bank to pay a total of more. than $1.7 billion in fines to the American and British authorities.

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In a statement to the ECHO, the bank said: “This filing is a further attempt to use claims against the bank, following previous failed attempts. The false allegations underlying this have been thoroughly discredited by US authorities, who have undertaken an extensive investigation into the claims. and said they were “deserving” and showed no evidence of violations of U.S. sanctions. We are confident that the courts will dismiss these claims, as they have done repeatedly.”

Who are Standard Chartered?

A multinational banking and financial services company headquartered in London. Founded in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, it operates in more than 70 countries around the world.

The bank focuses primarily on Asia, Africa and the Middle East and offers a wide range of services, including personal and business banking, asset management and investment banking.

When did Liverpool first start working with Standard Chartered?

In September 2009, it was announced that Standard Chartered had agreed to become Liverpool’s main sponsor, and this agreement came into effect in July 2010. This deal is worth more than £50 million per year to the Reds.

When does the contract between Liverpool and Standard Chartered expire?

Liverpool extended the partnership with Standard Chartered in the summer of 2022, which will last until the end of the 2026/27 season. This deal also includes sponsorship of LFC Women and the Reds’ Academy sides.

Who sponsored Liverpool before Standard Chartered?

Liverpool have only had four main shirt sponsors prior to Standard Chartered, with Carlsberg being the last. The multinational brewer first appeared on Liverpool kits in 1992 and remained present until 2010.

Previously, Liverpool worked with Italian home appliance company Candy between 1998 and 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 allow Japanese electronics company Hitachi to appear on their strip.