Credit Suisse collapse leaves sports sponsorships in limbo

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Credit Suisse collapse leaves sports sponsorships in limbo
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GENEVA, March 23 — The takeover of Swiss bank Credit Suisse leaves many sports stars, teams and tournaments with a big question mark hanging over their lucrative sponsorship...

GENEVA, March 23 — The takeover of Swiss bank Credit Suisse leaves many sports stars, teams and tournaments with a big question mark hanging over their lucrative sponsorship deals.

“For the time being, we will continue our corresponding commitments unchanged,” a Credit Suisse spokesman told AFP. Having only appeared at one World Cup between 1966 and 2006, Switzerland have qualified for the last five World Cups, reaching the last 16 in four of those tournaments. The bank is the title sponsor of the Super League, Switzerland’s 10-team top football division, including well-known clubs like Young Boys, Grasshopper, FC Zurich and FC Basel.Money goes into every club as well as the tournament, with the bank’s name appearing on all team strips and on advertising boards around the stadiums.

The bank was on board for his transition into a post-tennis career, saying: “We look forward to many more years together”.

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