Fulham have terminated their partnership with CFD trading firm Titan Capital Markets – having spent weeks dodging questions over the company’s legitimacy.
The Premier League club announced Titan as their CFD trading partner in September, but reporting from Sporting Intelligence and the Athletic revealed that many of the individuals named in the promotional material were fake and that the company was under investigation by the Australian government.
Sporting Intelligence’s Nick Collins, writing in the Mail on Sunday, reported that Titan had hired actors to play the role of company staff whilst the Athletic found a number of ‘red flags’ including potential licensing breaches, unrealistic ‘guaranteed returns’ and cast doubt over the existence of Titan’s charitable arm.
Tom Greatrex, chair of the Fulham Supporters’ Trust, who raised their concerns during their October meeting with the club, said:
“There have been serious and credible concerns around Titan for a number of weeks and this agreement should have been terminated much sooner. What is now important is that lessons are learnt, responsibility is taken and a much higher standard of due diligence of future potential partnerships put in place. Perhaps some at the club should also reflect on their attitude towards supporters raising serious issues — the reputation of our club should never be sullied in this way again.”
