Proposal to protect vulnerable and stop money laundering could affect Premier League clubs and Formula One
Unlicensed casinos could be banned from sponsoring sports teams in the UK from next year, in a move that poses financial questions for Premier League football clubs such as Everton FC and sports including Formula One.
Plans for a ban, revealed by the Guardian on Sunday and confirmed by the government on Wednesday, are aimed at protecting vulnerable people and reducing the risk of sport being used by organised crime groups for money laundering.
Continue reading...