fulham Curtails Controversial Partnership
Premier League football club Fulham FC has terminated its agreement with partner Titan Capital Markets, despite only striking the deal in September.
The news follows a report from The Athletic released last month, that revealed that the Australian-based CFD trading firm that offers educational courses, were under investigation by Australian authorities due to concerns about their license.
The Athletic also outlined a series of red flags about their operation. These included potential breaches of the licences under which they claimed to operate, its structuring as a ‘multi-level marketing firm’, the unclear nature of whether key staff or the company’s charity existed and offering unachievable ‘guaranteed’ returns — which were later removed from its website.
The termination of their agreement follows further reporting by the Mail on Sunday, in which they allege some participants in a promotional video about the company are in fact actors.
The Fulham Supporters’ Trust chair Tom Greatrex, commented, “There have been serious and credible concerns around Titan for a number of weeks and this agreement should have been terminated much sooner.
“What is now important is that lessons are learnt, responsibility is taken and a much higher standard of due diligence of future potential partnerships put in place.
“Perhaps some at the club should also reflect on their attitude towards supporters raising serious issues — the reputation of our club should never be sullied in this way again.”
