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SBD Global/August 8, 2012/Finance
Liverpool FC Sponsor Standard Chartered Facing Allegations Of Hiding Money For Iran
Published August 8, 2012
IMPACT ON LIVERPOOL: In London, Jonathan Harwood wrote that there could be implications for Liverpool FC. The last thing Liverpool needs now is "a political crisis surrounding its chief sponsor, which could put one of its main revenue streams in danger." Standard Chartered is believed to pay around £20M ($31M) a year to put its logo on the Liverpool shirt. It is "one of the most lucrative deals in the Premier League" and runs through the '13-14 season. When contacted by The Week, Liverpool said that it had "no comment" to make. Any fallout from the allegations against Standard Chartered "could have serious implications for Liverpool's global reputation, especially in North America." U.S. football fans are "unlikely to take to a club that has a bank accused of funding Iran" on its shirts (THE WEEK, 8/7).