Everton decided on Wednesday to halt their major sponsorship with companies belonging to Alisher Usmanov, the Russian metals tycoon who has been sanctioned by the European Union. The move came in the wake of Russia's invasion of Ukraine.
"The club can confirm that it has suspended with immediate effect all commercial sponsorship arrangements with the Russian companies USM, Megafon and Yota," Everton said in a short statement.
They are Usmanov's companies, with USM having sponsored Everton's training facility since 2017.
Usmanov, who is a long-time business partner of the club's majority shareholder, Farhad Moshiri, paid Everton 30 million pounds in January 2020 to secure an exclusive option on naming rights for their proposed new stadium at Bramley-Moore Dock that is scheduled to be completed by 2023.
Everton manager Frank Lampard, who joined the club last month, said the decision to suspend their sponsorship deals with Usmanov's companies was "a show of us, as a club, doing the right thing".
"If it feels right for the club, then it's the right thing to do," Lampard said. "At the moment, we are seeing it done very regularly across the world."
Everton has a Ukrainian player, Vitalii Mykolenko, in their squad and Lampard said the left back will play a part in the team's match against fifth-tier Boreham Wood in the fifth round of the FA Cup on Thursday.
(Reported by AP)
