Burnley Announce ETORO As New Partner

[Spijed]

Seems we are expanding our sponsorship:

Wonder how much that will bring in.

https://www.burnleyfootballclub.com/new ... w-partner/

[NottsClaret]

It'd look nicer on the shirts than what we've got now.

[ŽižkovClaret]

[BenWickes]

Also announced partnerships with Southampton, Palace, Everton, Leicester and WBA today.

[Claretmatt4]

Is this going to be on the kit or anywhere?

If you do fancy signing up, go via that link on the website as the club probably get £ for each signup they can trace back to us.

[ClaretTony]

Is this going to be on the kit or anywhere?

It won't be on the kit, LoveBet have both our kit sponsorships (front and sleeve).

[Hibsclaret]

Sounds like more bull to me

[Gordaleman]

Etoro is similar to 'Robin Hood' in the States, and that's really taken off with millenials learning about investment through it's platform.

https://robinhood.com/us/en/

Not sure how much Burnley will get out of this link with Etoro though, if they are sponsoring other clubs as well.

[Woonderbah]

Also announced partnerships with Southampton, Palace, Everton, Leicester and WBA today.

Leeds have gone with E BahGum

[Chester Perry]

Should help with the reported £250k pa that LoveBet have reduced the shirt sponsorship by, who knows may even have replaced it completely

[mkmel]

With the size of the logo on our shirts and now on a sleeve I would have thought their sponsorship would have increased if anything

[ClaretTony]

Should help with the reported £250k pa that LoveBet have reduced the shirt sponsorship by, who knows may even have replaced it completely

I'd heard there were problems with LoveBet - is that reduction per annum?

[Chester Perry]

I'd heard there were problems with LoveBet - is that reduction per annum?

yes - this season and next according to the report, though I suspect it was a rebate for last season and they have leveled it out over the next 2 years as a favour - The newly announced China TV deal should help, but keep having midweek night games and games moving around the schedules could lead to further rebates as matches are not then on Chinese/East Asian TV at good times - Take Sunday's game - that kicks off after Midnight in China at the beginning of a working week

[Long Time Lurker]

If you do fancy signing up, go via that link on the website as the club probably get £ for each signup they can trace back to us.

Financial Spread Betting

I'm all for supporting the club, but if you do fancy joining up then do your research before signing up or putting any money on the line. You could start by reading their own smaller print.

You should seek advice from an independent and suitably licensed financial advisor and ensure that you have the risk appetite, relevant experience and knowledge before you decide to trade.

Under no circumstances shall eToro have any liability to any person or entity for

(a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs

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Such risks includes the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours.

Past performance of an eToro Community Member is not a reliable indicator of his future performance. Content on eToro's social trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of eToro - Your Social Investment Network.

And

CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

That is why they choose to highlight the performance of selected investors within a limited time frame instead of showing an average loss rate for the majority of investors. When a company wants to encourage sign ups and improve their profitability they focus attention on the minority of winners instead of the majority of losers.

Times are hard, the financial markets are precarious at the moment ( although that can give rise to opportunities for the savvy and well informed ), the temptation to have a little flutter to bring in an extra source of revenue to make ends meet is increasing ( some people might see this as a financial investment, but it is a risky GAMBLE ) and most people lose money dealing with companies like this.

If you aren't familiar with the financial markets, and/or you can't afford to lose all of the money that you invest, then avoid doing business with this company and others like them. Your bank account is far more likely to thank you for having nothing to do with them. Give or take a couple of operational differences, this company is no different from any other gambling company.

This breakdown from another spread betting financial service explains " leveraging " quite well. They only provide this information because the financial regulators force them to do so, based on the high risk and high loss potential of investing.

https://www.cmcmarkets.com/en-gb/learn- ... ks-of-cfds

and for a more detailed and comprehensive breakdown of " contracts for difference "

https://www.independentinvestor.com/cfd/cfd-risks

Gambling in General

Gambling is the art of risking money that you can afford to lose to win money that you don't need. Never look upon gambling as a way to get yourself out of a financial hole ( which a lot of vulnerable people might be falling into at the moment ) and never risk putting yourself and/or your loved ones in dire circumstances by engaging with it.

The FUN STOPS the moment you risk anything you can't happily afford to lose, because the only people that benefit from gambling on a consistent basis are the people taking your bets. For most people that means the FUN NEVER STARTS. It is frequently a sordid mix of greed and desperation ( topped off with an addictive adrenaline spike ).

We could generate a huge amount of cash to pay for the Covid costs if the Government placed a 100% tax on every online bet that is placed ( win or lose ), along with an additional corporate tax based on the profit generated from credit cards associated with a UK address ( which scales upwards in relation to total revenue ).

That isn't ideal, but at least it would allow our country to claw back some of the billions that are being drained from our economy and siphoned off into off-shore accounts or shifted to other economies. The direct impact on individuals is the most concerning factor associated with the rise of gambling, but the indirect impact that it also has on the net disposable income levels within an economy is also very damaging to society.

The Future

What is next for football sponsorship's I wonder ? At this rate partnerships with dodgy pyramid selling schemes for fertilizer would seem to be the obvious logical step in our slide down into the abyssal cesspit.

[kentonclaret]

Weren't we recently linked with Egyptian investors?

They should know all about Dodgy pyramid selling schemes.