Espanyol announced on Monday the initiation of legal actions against the company Front of the Stage through “non-payment and breach of contract”, reasons why it ended the “agreement on the proper naming for the stadium.”
In March 2023, the blue and white team signed a contract with a North American firm specializing in professional sports services in the United States for the transfer of the ‘naming right’ of the Perico fiefdom, which was renamed. Stage Front Stadium. The agreement is for five seasonsuntil the end of the 2027-28 academic year.
Now the club ending the relationship at the North American firm, where he blames the “lack of compliance with Contractual obligations”which brought about the “decision to finalize the agreement and immediately initiate legal action before civil jurisdiction, including the filing of a civil suit demanding payment of invoices due and damages resulting from early termination of the contract.”
The Spanish statement concludes by assuring that the company “is withdrawal of all personnel responsible for the activation and monitoring of the contracts it manages in Europe”, at the same time as it ceases its activities in LaLiga.
In 2015, the spanish has terminated the contract with the brand Power8, when it entered bankruptcy due to liquidation. This company agreed to name the parakeet fiefdom, in addition to the merger advertising in the first team shirt.
A few months before the termination of the contract was confirmed, information emerged about a possible scam by Power8 against the blue and white team, for which it had signed a seven-year contract that it had to report. 35 million in Spanish: only the first installment is paid.
Source: La Verdad
I am Shawn Partain, a journalist and content creator working for the Today Times Live. I specialize in sports journalism, writing articles that cover major sporting events and news stories. With a passion for storytelling and an eye for detail, I strive to be accurate and insightful in my work.
