New Liverpool sponsor - 20M a year Standard Chartered deal (2009)

Is there any good fkn news to look at today about our club??? FFS!

They will get a big fine, that they can easily afford, and then its all forgotten. All banks do dodgy business, look at the mess the worlds economy is in. Tomorrows chip wrappers.

They will get a big fine, that they can easily afford, and then its all forgotten. All banks do dodgy business, look at the mess the worlds economy is in. Tomorrows chip wrappers.

Not if they lose their licence to trade in America?

I'm sure Werner and his republican buddies can get us out of this one.

I'm sure Werner and his republican buddies can get us out of this one.

I hope so 

I hope so 

If not I'm sure he can pick up the blower to Hillary and her old man Bill.

If not I'm sure he can pick up the blower to Hillary and her old man Bill.

Oh ho ho ho you couldn't write it could ya!

American owners and fans may not want to be associated with a 'rogue institution'
BY Jonathan Harwood LAST UPDATED AT 10:50 ON Tue 7 Aug 2012
COULD the Standard Chartered scandal in the US have implications for Liverpool FC, the once-dominant Premier League club owned by Americans and sponsored by the bank?
 
The bank has been labelled a "rogue institution" by US regulators and accused of breaking financial sanctions against Iran and conspiring to launder at least $250bn over almost a decade. It could potentially have its US banking licence revoked if the charges are proven, and its value on the London stock exchange plummeted on Tuesday morning.
 
That is not good news for Liverpool, which is on the cusp of a new era under manager Brendan Rodgers. There was a mood of optimism at Anfield after his arrival, but the lack of new signings has worried fans, and fears that the club may actually offload some of its big stars this summer, including Daniel Agger (pictured) and Pepe Reina, have contributed to an air of trepidation.
 
The last thing the club needs now is a political crisis surrounding its chief sponsor, which could put one of its main revenue streams in danger.
 
Standard Chartered is believed to pay around £20m a year for its logo to appear on the Liverpool shirt. It is one of the most lucrative deals in the Premier League and is set to run until the end of the 2013/14 season.
 
The bank claims a similar heritage to the club, and on its website speaks proudly of "over 100 years of history, strong values and a determination to give back to the local community".
 
The club said it had no comment to make on the accusations when contacted by The Week. But Liverpool fans are fiercely proud of Liverpool's heritage and its political identity. They are unlikely to take kindly to it being closely linked to a scandal-ridden bank during a time of recession and hardship on Merseyside.
 
Fenway Sports Group [FSG], the American company run by John W Henry that owns Liverpool, has been put in a difficult situation.
 
US-based website EPL Talk noted last week, even before the scandal broke, that goodwill towards FSG was running low. "To many, the club lacked clear leadership off the field last season and the owners appeared to be missing in action as the club swung from one crisis to another," it said.
 
When FSG representatives missed the Hillsborough anniversary because the baseball season was starting in the US, it did not go down well with fans. "They need to take heed of how such gestures are interpreted within a city like Liverpool," noted the website. This Standard Chartered situation could prove equally sensitive.
 
A supporters group called Spirit of Shankly wrote to FSG last month, before the bank crisis, and warned: "Confusion and chaos seems to reign and no one is coming out of this with much credit, particularly the football club's image and brand."
 
Any fallout from the allegations against SCB could have serious implications for Liverpool's global reputation, especially in north America. While Standard Chartered has encouraged Liverpool to build its Asian fanbase, the club's American owners have been keen to raise the club's profile in the US.
 
This year the club's pre-season tour visited Toronto, Boston and Baltimore. US soccer fans are unlikely to take to a club that has a bank accused of funding Iran plastered over its shirts.
 
As one tweeter, Ben Allain from Conneticut, posted today: "John Henry gives money to Liverpool. They give money to SCB. SCB gives money to Iran. Iran gives money to terrorists. #JohnHenryIsATerrorist." He may have misunderstood the niceties of sponsorship but the message was clear. Other tweeters mocked Liverpool and said that the club's brand was in danger.
 
Then there is the issue of how Liverpool's other sponsors will view SCB's relationships with Liverpool. The club recently signed another deal with all-American car manufacturer Chevrolet, for example. How will they feel about the Standard Chartered connection?



Read more: http://www.theweek.co.uk/football/premier-league/48356/will-liverpool-end-sponsorship-deal-standard-chartered#ixzz22rRpT81D

Wonder how all this will pan out,they were livid over the Suarez row.They need this sorted quick!!!

Standard Chartered shares fell 25% in early London trade, after falling 16% in Hong Kong after laundering charges.

http://www.bbc.co.uk/news/business-19159286

Naughty?

So do we have a chinese laundry as sponsors now ?

I'm sure Werner and his republican buddies can get us out of this one.

I thought Werner was tight with the Clintons, so wouldn't that make him a Democrat?

This is gonna be a tough position for LFC. Do we stick with Standard Chartered in spite of the fact that they are either guilty of money laundering or they aren't guilty but are worthless because everyone dumped their stock because they think they are guilty?

It surely wouldn't be easy to find another sponsor, especially one that would pay so much that quickly?

I'm betting we could get out of our deal, had to be some contractual language in their both ways about conduct detrimental I would think.

I'm not one to defend banks but if dealing with Iran is a crime because New York Financial Services said so then New York Finanicial Services can F**k off. They should have a look at what their own country is doing before condemning others.

I thought Werner was tight with the Clintons, so wouldn't that make him a Democrat?

If not I'm sure he can pick up the blower to Hillary and her old man Bill.

I genuinely didn't see that post. Sorry!

I'm not one to defend banks but if dealing with Iran is a crime because New York Financial Services said so then New York Finanicial Services can f**k off. They should have a look at what their own country is doing before condemning others.

Hmmmm.

Not if they lose their licence to trade in America?

Isnt most of their business in the far east.
Fancy a Bank being caught out being unethical,
This from banks who take your money and give you 1% interest but lend it out at nearly 20%.

Isnt most of their business in the far east.

It doesn't really matter. Almost all global banking has to go through Wall Street at some point so if they don't like you in New York...you are gonna have trouble.

Isnt most of their business in the far east.
Fancy a Bank being caught out being unethical,
This from banks who take your money and give you 1% interest but lend it out at nearly 20%.

fair point.

Have to agree with what Walton says, all these banks are the same best for the club if we keep it a non-issue.

Isnt most of their business in the far east.
Fancy a Bank being caught out being unethical,
This from banks who take your money and give you 1% interest but lend it out at nearly 20%.

It's worse over hear Walton, the banks borrow the money from the government for free, pay 1% interest to the individual and then go back to the same government that loaned them the money free in the first place and purchase 3% government bonds. 2% profit on hundreds of billions with absolutely no risk to the bank.

The thing that really gets me is the bank borrowing money for free is supposed to be loaning it out to stimulate the economy and growth, none of it goes out to the public its just a revolving door between the feds and the banks.

So, let's say Standard Chartered are actually found out and are doing something completley wrong and unethical, what impact may that have on our club? Yes, it may mean we would have to look for a new sponsor. However, could it lead to sanctions to the club? This kind of stuff, I.e. business law, is all new to me so I haven't a clue and I apologise for my stupidity.