English Premier League football club Everton and Formula One team Racing Point have severed a combined Sh4.2 billion sponsorship deal with SportPesa in the wake of the betting firm’s closure.
Everton had two years to run on the SportPesa deal, which was inked in 2017, but after negotiations involving both parties, a decision has been made to cancel the £9.6 million-(Sh1.25 billion)-a-year agreement at the end of this season. The club has indicated that the end of the multi-billion shilling partnership was informed by commercial reasons and not the quest for football to distance itself from betting.
