Eredivisie: XXImo (credit solutions) breaks shirt sponsorship deal with FC Twente

XXimo, a company which specialises in business travel credit card solutions, has broken its shirt sponsorship deal with FC Twente (Eredivisie, the Netherlands) announced the club on 16/04/2015. The contract was scheduled to run until the end of the 2015-16 season.

The Dutch company had been present on the shirt of Twente since the 2013-14 season. XXImo decided to end the partnership because of financial difficulties, revealed the Dutch newspaper De Telegraaf on 13/04/2015. It was the most lucrative contract in the history of FC Twente, and was estimated at €2.5m per season.

The company had a late payment of €300,000 for the last quarter of the current season. The non-payment of this sum would explain the club's decision to accept the breakdown of the partnership. "FC Twente is pleased that this situation is resolved and we are pleased with this mutually successful termination," said Aldo van der Laan, the president of FC Twente. He also said that the club would find a replacement before July 2015.

• XXImo are a credit card that allows its users to manage and pay for business trips.
…