Source: REUTERS/ANDREW COULDRIDGE
[Saba Sports News] On September 30, Chelsea made an
announcement regarding their new jersey sponsorship agreement with American
company Infinite Athlete. The deal resulted in Chelsea receiving £40 million in
sponsorship revenue. While the Premier League approved the sponsorship
agreement, several clubs lodged complaints questioning its effectiveness. Some
Premier League clubs argue that since Chelsea are not participating in European
competition this season, the value of the new sponsorship contract seems
disproportionate when compared to their previous agreement with Three. This has
raised suspicions of money laundering. It has been revealed that Infinite
Athlete is a newly formed company resulting from the merger of Tempus Ex
Machina and Biocore. There are suspicions of a shared investment relationship
between Infinite Athlete and Clear Lake Capital, the company associated with
Chelsea.