The logo and the name of IronFX have disappeared from the list of sponsors on the website of Barcelona FC. The sponsorship deal between the companies was signed in March 2014 for a period of three years. While the logo of IronFX has been fully removed from the website of the football club, the IronFX Barcelona branded website is still live.
Finance Magnates has reached out to both the brokerage and the football club for additional comments on the matter, however at the time of publication no clarification as to the reasons for the removal of the logo and the brand name of IronFX from the website have been received.
The reasons for the move may be technical, or the deal between the companies might have an early exit clause. According to estimates by industry insiders, the deal has been a substantial investment for the brokerage with IronFX supposedly paying up to €3 million per season.
The start of the Spanish La Liga season is scheduled for the 19th of August. Barcelona are the defending champions this year and will be playing their first game against Betis on the 20th of August.
IronFX has been in the news lately, with a holding company called Nukkleus aiming to conclude an acquisition of the assets of the brokerage’s parent companies including its Australian operations and the FXGiants brand.
News source: Financial Magnates