HSBC Ending British Cycling Sponsorship Early

RickH · Post by **RickH** » 25 Feb 2020, 3:17pm

I did wonder when I saw the recent article "HSBC signals mass job cuts as profits plunge" whether it would have consequences for their sponsorship deal with British Cycling.

Now we know - "HSBC to end multi-million pound sponsorship of British Cycling at end of 2020"!

Marcus Aurelius · Post by **Marcus Aurelius** » 25 Feb 2020, 3:26pm

Good.

Postboxer · Post by **Postboxer** » 27 Feb 2020, 7:04pm

I was wondering whether sponsorship deals had cancellation clauses in them and whether British Cycling are due any compensation for the deal ending early.

Marcus Aurelius · Post by **Marcus Aurelius** » 1 Mar 2020, 8:42am

Postboxer wrote:I was wondering whether sponsorship deals had cancellation clauses in them and whether British Cycling are due any compensation for the deal ending early.

Yes, to the first bit, no to the second.

thatsnotmyname · Post by **thatsnotmyname** » 1 Mar 2020, 10:02am

Marcus Aurelius wrote:Good.

Why is it 'good'..??

thatsnotmyname · Post by **thatsnotmyname** » 1 Mar 2020, 10:15am

Postboxer wrote:I was wondering whether sponsorship deals had cancellation clauses in them

Depends on the deal obviously. Evidently, this one does.

Postboxer wrote:and whether British Cycling are due any compensation for the deal ending early.

If one of the parties invokes a break clause, then no compensation is due as it is within the contract terms. Compensation would only be due had this not been the case.

thatsnotmyname · Post by **thatsnotmyname** » 1 Mar 2020, 11:35pm

thatsnotmyname wrote:
Marcus Aurelius wrote:Good.

Why is it 'good'..??

13 hours later. No explanation, as usual.

Jdsk · Post by **Jdsk** » 10 Oct 2022, 9:14pm

NB date.

"British Cycling has signed a long-term partnership that will bring wide-ranging support and investment from Shell UK as a new Official Partner. The agreement starts this month and runs to the end of 2030."
https://www.britishcycling.org.uk/artic ... nouncement

I'd bet on that failing under the pressure of public opinion.

Jonathan

Jdsk · Post by **Jdsk** » 11 Oct 2022, 8:36am

Now over 2,000 responses to British Cycling's tweet:
https://twitter.com/BritishCycling/stat ... 0553069568

Jonathan

Jdsk · Post by **Jdsk** » 11 Oct 2022, 6:26pm

An open letter of objection has been sent:
https://docs.google.com/forms/d/e/1FAIp ... w/viewform

Jonathan

cycleruk · Post by **cycleruk** » 12 Oct 2022, 9:03pm

Just watching World Track Championships and notice that the Brits have a "Shell" emblem on the sleeves.

Postboxer · Post by **Postboxer** » 14 Oct 2022, 4:10pm

The controversy could not have been unforeseen.

Jdsk · Post by **Jdsk** » 31 Oct 2022, 1:37pm

The Chief Executive of British Cycling has resigned:
https://www.britishcycling.org.uk/about ... -Cycling-0
https://www.theguardian.com/sport/2022/ ... shell-deal

... but the sponsorship continues...

We'll see.

Jonathan

foxyrider · Post by **foxyrider** » 31 Oct 2022, 6:34pm

Jdsk wrote: ↑31 Oct 2022, 1:37pm The Chief Executive of British Cycling has resigned:
https://www.britishcycling.org.uk/about ... -Cycling-0
https://www.theguardian.com/sport/2022/ ... shell-deal

... but the sponsorship continues...

We'll see.

Jonathan

Bring back Eileen Gray it what i say!

Jdsk · Post by **Jdsk** » 31 Oct 2022, 6:37pm

I had to look her up, I'm ashamed to say.

So now I'm better informed. Wow. Thanks.

Jonathan

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HSBC Ending British Cycling Sponsorship Early

HSBC Ending British Cycling Sponsorship Early

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