Leading English football club Fulham has terminated its partnership with Titan Capital Markets due to questions about the legitimacy of the CFD trading firm.
English first-class football club Fulham have canceled their partnership with Titan Capital Markets amid questions about the apparent legitimacy of the CFD trading firm.
The Premier League team declared itself an official CFD trading partner in September, but Fulham have now cut ties after The Athletic reported the company was being investigated by Australian authorities for licensing issues.
The Athletic detailed a number of red flags with the company, exposing potential license violations, revealing unrealistic guaranteed earnings and questioning the existence of Titan’s charity.
The Fulham Supporters’ Trust raised concerns about the partnership at an official meeting with the club in October.
Tom Greatrex, chairman of the Fulham Supporters’ Fund, told The Athletic: «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.»
Don’t forget to subscribe to our Telegram-channel!