Gazprom has sponsored Schalke since 2007, but the German club has now confirmed they will cut ties with the Russian company.
Schalke have confirmed they have decided to end their partnership with Gazprom, the Russian energy company.
Gazprom has sponsored Schalke since 2007, but on Thursday, the German club – relegated to the second tier last season – confirmed they would remove the company’s branding from their shirts.
The club decided following Russia’s invasion of neighbouring Ukraine, which has since escalated.
Gazprom is majority state-owned and the country’s largest company in terms of revenue.
On Monday, Schalke announced it would be cutting ties with Gazprom altogether.
A Schalke statement read:
“The FC Schalke 04 managing board and supervisory board have agreed to end the club’s partnership with Gazprom prematurely.
“The club is currently in discussions with representatives of the current sponsor.
“And We will release further information at a later date.
“This decision does not affect the club’s financial capabilities.
“The club’s leadership are confident of being able to announce a new partner shortly.”
Governments worldwide have placed political and financial sanctions on Russia in response, with many sporting bodies following suit.
In football, UEFA has stripped St Petersburg’s Gazprom Arena of this season’s Champions League final. In contrast, the football associations of Poland, Sweden and the Czech Republic have refused to play Russia in next month’s World Cup qualifiers.
The English FA has also promised to boycott any matches against Russia at all levels for the foreseeable future.
On Sunday, FIFA responded by ordering Russia to play under a neutral banner as the Football Union of Russia (RFU).
In addition, their home matches were to be played at neutral venues behind closed doors.
However, Poland still insisted they not play next month’s scheduled qualifier.
Chelsea owner Roman Abramovich, meanwhile, said that he is handing over the “stewardship and care” of the club to the trustees of its charitable foundation.
Likewise, for more football news like this, click here.