Inside Standard Chartered Liverpool deal after company accused of helping to fund terrorist groups

The Liverpool club crest on the first team home shirt displayed with the sponsors Standard Chartered
-Credit: (Image: 2020 Visionhaus)

Liverpool's main sponsors, Standard Chartered, were at the centre of a serious allegation on Tuesday afternoon.

The UK bank, whose name is featured on the front of the Reds' kits, have been accused of carrying out billions of dollars of transactions for funders of terrorist groups. It is alleged that transactions in excess of $100billion were carried out by the bank between 2008 and 2013 in breach of sanctions against Iran.

That figure is far in excess of the total Standard Chartered admitted to when escaping prosecution and settling a criminal case into money laundering in 2012. They also admitted a further breach in a separate case in 2019, leading the bank to pay a combined total of more than $1.7bn in fines to US and UK authorities.

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In a statement to the ECHO, the bank said: "This filing is another attempt to use claims against the bank, following previous unsuccessful attempts. The false allegations underpinning it have been thoroughly discredited by the US authorities who undertook a comprehensive investigation into the claims and said they were ‘meritless’ and did not show any violations of US sanctions. We are confident the courts will reject these claims, as they have already done repeatedly."

Who are Standard Chartered?

A multinational banking and financial services company with a headquarters in London. Founded in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia, and China, it operates in over 70 countries worldwide.

The bank primarily focuses on Asia, Africa, and the Middle East, offering a wide range of services, including personal and corporate banking, wealth management and investment banking.

When did Liverpool first partner with Standard Chartered?

It was announced in September 2009 that Standard Chartered had agreed to become Liverpool's main sponsor, with this agreement becoming effective since July 2010. This deal is worth in excess of £50m per year to the Reds.

When does Liverpool's deal with Standard Chartered expire?

Liverpool extended their partnership with Standard Chartered in the summer of 2022, which will last until the end of the 2026/27 season. This agreement also includes sponsorship of LFC Women and the Reds' Academy sides.

Who were Liverpool sponsored by before Standard Chartered?

Liverpool have only ever had four previous main shirt sponsors prior to Standard Chartered, the last of which was Carlsberg. The multinational brewer first appeared on Liverpool kits in 1992 and remained present up until 2010.

Before this, Liverpool teamed up with the Italian domestic appliances company Candy between 1998 and 1992 plus, Crown Paints (1988-1992) and Hitachi (1979-1982).

The Reds became the first English club to strike a shirt sponsorship deal in 1979 after agreeing for Japanese electronics company Hitachi to feature on their strip.