The Athletic are reporting that Saints will have a new sponsor and it will be a Betting company. Suddenly that awful LD logo doesn't feel so bad...
From The Athletic
Southampton are expected to announce a betting company as their new main sponsor after LD Sports walked out of their record-breaking deal worth £7.5 million per year. The Chinese company signed a three-year contract with the St Mary’s side last summer but are believed to have pulled the plug on the sponsorship just 12 months in.
It has left Southampton trying to fill a significant financial void with less than three weeks to go before their Premier League season starts away to Crystal Palace on September 12. Due to the short window of time and the coronavirus pandemic severely reducing the number of alternative options, The Athletic understands that Southampton are close to announcing a betting company as their replacement. The deal is thought to be less than the deal agreed with LD Sports.
It is understood that LD Sports did not have a break clause written into its three-year contract, meaning Southampton would normally be entitled to compensation, however, the situation remains unclear at this point in time as to whether they will opt to sue LD Sports for breach of contract.
The Athletic has been told that last year’s £7.5 million payment will be accounted for in the next set of accounts but it’s not yet known whether LD Sports paid a second instalment.
If that's true, I'd be a little disappointed with Saints. I know things are a bit different/desperate at the moment, but we've always seemed to be a fairly principled club who does the right things. A betting company would be sending out completely the wrong message.
You also can't put their logo on the kids' kits. What about people who are religious, can they get an adult kit without the logo?
