German second tier clubside, Schalke 04, has on Monday announced the termination of their partnership with Gazprom GAZP.MM ahead of expiration after Russia launched an invasion on Ukraine last week.
This is after the club had announced on Thursday that they were removing the logo of Gazprom from their jerseys.
“Management and the supervisory board are in discussions with representatives of the current main sponsor, further information will be published in due course,” Schalke said on Twitter.According to the clubside, the decision does not affect the club’s financial status.
It would be recalled that several steps has been taken by football federations and a number of international organizations against the Russian nation, since it launched it’s military operation against Ukraine last week with the support of Belarus.
Also, Gazprom’s UEFA Champions League sponsorship status currently hangs in the balance.
Earlier last week, European governing body UEFA moved this year’s Champions League final to Paris from Saint Petersburg where it was scheduled to be played at Gazprom Arena, home to Russian Premier League side FC Zenit.
Russia’s gas giant, who sponsored Schalke since 2007, has been also announced as one of the sponsors for the next European Championship, to be played in 2024 in Germany.