Leicester say they have been given “strong assurances” that their new front-of-shirt sponsor remains committed to the club, despite two related companies being declared bankrupt in Curacao.

The Foxes signed a two-year sponsorship deal with BC.Game in July following their promotion to the Premier League. At the time, the club was delighted to trumpet the deal, reportedly worth £30million, with a company it described as a “community-based, online cryptocurrency gaming platform”.

But just four months on, there have been worrying reports from the Caribbean territory of Curacao, where Blockdance BV and Small House BV have been declared bankrupt in court. A judge made the decision after ruling that the two companies, which run BC.Game, had failed to meet their financial obligations due to allegedly failing to pay customers and meet regulatory requirements.

The ruling has prompted serious questions about the future of BC.Game, with two complainants claiming they had not been paid winnings of €1.3m (£1.08m) and €639,000 (£532,000). However, Leicester maintains that the case will not impact their sponsorship deal with BC.Game.

A club spokesman told Mirror Football : “We have been and continue to be in regular discussions with BC.Game with regard to an active legal case in Curacao. BC.Game have provided the club with the strongest assurances that they are actively appealing this case, and that the process which has been initiated in Curacao is administrative in nature and has not arisen due to any concerns with their financial standing.

“BC.Game have further assured us that they have no issues with liquidity and that they remain fully committed to meeting their ongoing contractual and financial obligations, including to the club, and that this case will not impact on BC.Game’s continuing international operations.”

In its own statement, BC.Game confirmed they were appealing the judgement, which was handed down despite there being “several inconsistencies in the evidence presented”. They also took aim at the lawyer representing the complainants, alleging it “may be a malicious lawsuit orchestrated by external forces aiming to exploit the legal system for unjust gain”.

In July Leicester said BC.Game’s “platforms use the benefits of blockchain technology to provide crypto enthusiasts with a transparent, fair and secure gaming environment, where outcomes can be independently verified through the integrity of the blockchain”. But the Gambling Commission confirmed to Mirror Football that BC.Game is not licensed in the UK and is blocked to British consumers.

Leicester are heavily reliant on such sponsorship deals, having narrowly avoided a points deduction for alleged breaches of profit and sustainability rules in September. The club successfully argued that the Premier League didn’t have jurisdiction to punish them, despite losing £129.4m over three seasons leading up to the 2022/23 season, more than the permitted losses of £105m.

The Premier League voted to ban gambling sponsors from the beginning of the 2026/27 season, but currently 11 of the 20 sides in the league have a gambling company as a shirt sponsor.