Tottenham Hotspur FC removes all EZTrader info from website
EZTrader has been removed from the Tottenham Hotspur FC partners’ list and the links to news articles concerning the binary options brand are no longer active.
The landscape of partnerships between football clubs and binary options companies has abruptly changed over the past year, with numerous sponsorship deals being brought to an end. This trend has mainly affected France, which is understandable given the ban on advertising of binary options included in the Sapin 2 law. This ban covers (inter alia) sponsorship deals between binary options brands and sports teams. Whereas some football clubs are still waiting for the last moment to comply with the restrictions, others are less keen to wait and have rushed to terminate such deals.
The wave of such terminations has spread outside of France, with one example being Southampton FC, which in September last year terminated its partnership with Banc de Binary. The binary options broker subsequently shut down its operations.
The most recent example is Tottenham Hotspur FC, which has removed all information about binary options company EZTrader from its website. The banner is no longer on the partners’ list and the links to news about the partnership of EZTrader and the team are not active – they redirect to the main news archive page.
The partnership between EZTrader and Tottenham Hotspur FC was sealed in January 2016 and was set to last until the end of the 2017/2018 football season.
Apparently, the actions of the US Securities and Exchange Commission (SEC) in November 2016, imposing a heavy fine on EZTD, which left the US market after illegally offering binary options trading to US clients for years in a row, has had its effect on the football club.
Formally, EZTrader is still authorized as a brand of Cyprus-authorized WGM Services Ltd. The website of EZTrader (even its French version) shows an ad of its partnership with football legend Hernan Crespo.
FinanceFeeds has reported and warned about a continued alarming trend of fraudulent binary options firms being accepted as sponsors of British football clubs thus misleading football fans and jeopardizing the credibility of the online trading industry.