Fulham end controversial partnership with Titan Capital Markets
Fulham have terminated their deal with controversial partner Titan Capital Markets.
Athleticism reported last month that the company, which claims to be a CFD trading firm while offering training courses, was being investigated by Australian authorities over concerns over its licensing.
Athleticism also described a series of warning signs regarding their operation. These included potential violations of the licenses under which they claimed to operate, their structuring as a multi-level marketing company, the unclear nature of the existence of key personnel or the charity of the company and offering unachievable “guaranteed” returns – which were later removed from their website.
The company’s website was then blocked for viewers in the UK, US and Australia on Thursday, October 13, hours before Athleticism published his story.
The termination of their deal follows another report by the Mail on Sunday, in which they allege that some participants in a promotional video about the company are actually actors. This includes supposed COO Scott Gibson, who is actually a Malaysian actor called Daryl, who is also a singer in a punk band.
Concerns about the company were first raised by journalist Martin Calladine on his blog, The Ugly Game. The Fulham Supporters’ Trust then raised the matter during an official meeting with the club last month.
In a statement, Trust Chairman Tom Greatrex said: “There have been serious and credible concerns surrounding Titan for several weeks and this agreement should have been terminated much sooner.
“What is important now is that lessons are learned, accountability is taken and a much higher level of due diligence of potential future partnerships is put in place.
“Perhaps some members of the club should also reflect on their attitude towards fans who raise serious issues – our club’s reputation should never be tainted in this way again.”
Fulham’s deal with Titan to become their CFD business partner was initially for the 2022-23 season and was confirmed in September.
Athleticism has contacted Titan for comment.
Explained: What is Fulham’s new sponsor, Titan Capital Markets, and why is an Australian authority reviewing it?
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