AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

The English Football Association has ended its sponsorship deals with betting company Ladbrokes and confirmed it was ceasing all commercial agreements with gambling firms. The move comes after the FA was criticised for punishing players for betting violations while having deals in place with gambling companies.
"At May's board meeting, it was agreed that The FA would end all sponsorships with betting companies starting from the end of the 2016-17 season," the FA said in a statement on Thursday. "The decision was made following a three-month review of The FA's approach to it as a governing body taking betting sponsorship, whilst being responsible for the regulation of sports betting within the sport's rules.
"As a consequence, The FA has mutually agreed with Ladbrokes that its current partnership will be terminated from June 2017," concluded the statement. FA rules ban players from betting on any football matches. In April, former Manchester City and Burnley midfielder Joey Barton was banned for 18 months after he was found to have made more than 1,200 bets on football matches.
Barton, who said he had a gambling addiction, had pointed out the heavy involvement of the gambling industry in British football where bookmakers act as sponsors at several levels. "That all means this is not an easy environment in which to try to stop gambling, or even to encourage people within the sport that betting is wrong," Barton had said in a statement.
England's second tier, run by the Football League, is known as the Sky Bet Championship, while numerous clubs have betting companies as shirt sponsors. The FA said they would continue to work with betting companies, including Ladbrokes, in information sharing schemes on suspect betting patterns. Martin Glenn, chief executive of The FA, said: "We would like to thank Ladbrokes for both being a valued partner over the last year and for their professionalism and understanding about our change of policy around gambling." Jim Mullen, CEO of Ladbrokes Coral, said: "We understand The FA's decision regarding their commercial partnerships on gambling."

Copyright Reuters, 2017

Comments

Comments are closed.