Comments Thread For: Barry McGuigan Sponsor Investigated, ITV Problems

[BIGPOPPAPUMP]

ITV’s return to boxing was dealt a potential body blow earlier this month when the Heron Tower-based offices of CWM (Capital World Markets), the sponsors of Carl Frampton’s recent IBF title defence against Chris Avalos, were raided as part of a fraud squad investigation into a managed fund that promised investors a five percent monthly return.

CWM FX had sponsorship deals with Barry McGuigan and other sporting outfits. They were also Chelsea’s online forex trading partner, but the Premiership club have now terminated their contract with the firm. However, the decision was made due to CWM’s failure to satisfy certain requirements, according to a news report published in City A.M. earlier today.
[Click Here To Read More]

[Daveros]

This has become huge news in NI. Though it doesn't change much in terms of Frampton vs Quigg, the outcome is still the same