32Red Sign Rangers FC Shirt Sponsorship Deal but Shares Slump on Day’s Trading

Written by :

Aaron Goldstein

Published on :

14 April, 2014

Online gambling firm 32Red announced Monday a new shirt sponsorship deal with the Rangers Football Club, which will run the course of three years.

Despite the good news, shares in the company dipped 6% on the day’s trading. It was not immediately clear what caused the slump.

Ed Ware, Chief Executive Officer, said: "We are delighted to be working with Rangers Football Club and look forward to being part of the continued rise and return of the Club.

32Red has a history of successful football club sponsorship deals and we look forward to the next three seasons and our new and proud association with a club with such heritage and potential.'' Rangers, Chief Executive Graham Wallace, commented: "We are delighted to announce today a three-year shirt sponsorship deal with 32Red, the UK's premier online casino company.

- Aaron Goldstein, Gambling911.com

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