MyGuava terminated cooperation with Millwall: what happened to the club's sponsor.
Termination of contract with the sponsor
According to The Sun: MILLWALL terminated cooperation with the sponsor on MyGuava's shirts after the company suspended its services to the club due to a nationwide ban in the UK. The South London club signed a deal with MyGuava just 18 months ago. However, in September, the parent company Guavapay suspended all operations with clients across the UK.
This happened after the Financial Conduct Authority imposed restrictions...
This termination of the contract illustrates the negative impact of regulatory restrictions on sponsorship agreements in the sports environment. Clubs typically wait for stability from their sponsors, but in this case, unforeseen circumstances arose that led to this decision. MILLWALL is expected to seek a new partner to provide the necessary support and funding for the team in the future.
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