Agency Report

Paris Saint-Germain have suspended their sponsorship deal with Russian sports betting firm Fonbet following the invasion of Ukraine, the club announced on Wednesday.

Fonbet are the Ligue 1 side’s only Russian sponsor, signing last year in a deal up to 2023.

The club also has an academy for young footballers aged three to 15 in Moscow set up in 2019, which they plan to keep going despite Russia’s war in Ukraine now in its third week.

“The events going on at the moment have made us reconsider our ties,” PSG explained in a statement.