Bank Asya withdraws sponsorship of League 1

(Photo: AA)

April 03, 2012, Tuesday/ 01:08:00

The title sponsor of the Turkish Football Federation's (TFF) first division league, Bank Asya, has said it is withdrawing its sponsorship, citing violations of its agreement with the league.

A statement released by the bank on Monday said Bank Asya is annulling its sponsorship contract as it alleges the broadcasting company did not comply with its obligations stipulated in the agreement. Bank Asya became the title sponsor of League 1 in January of 2008.

The statement didn't further elaborate on how specifically the broadcasting company is supposed to have violated the sponsorship agreement.