The CySEC-regulated broker will sponsor the Cypriot team at the World Championship in Marine Racing.
IronFX, a forex and CFD broker, regulated by the Cyprus Securities and Exchange Commission (CySEC)
, announced a new sports sponsorship by signing a deal with the Congress on Marine Racing (ORC), under which it will sponsor the ORC 2017 World Championship, which will be held In Trieste, Italy, from 2 to 8 July. According to informed sources in the industry, the value of the transaction is estimated at 80-120 thousand euros. The company will also sponsor the team representing Cyprus.
Founded in 1969, the Congress on Maritime Racing is an international body that manages and regulates events in the field of sea racing.
The ORC 2017 World Cup will be held for the first time in the Upper Adriatic and the Trieste Gulf. The regatta site in Porto San Rocco will host more than 1500 athletes. The event promises to be the most anticipated maritime event of the year.
“We excel ourselves seven, being in the vanguard of everything we undertake. Our participation in such a prestigious event, in which we will represent Greece for the first time, embodies our commitment to corporate social responsibility initiatives in the field of education, sports and social life in general, “commented in IronFX on the occasion of a new sponsorship deal.
This is not the first experience of a forex broker in sports sponsorship. In 2014, the company signed an agreement worth 2-3 million euros per year with FC Barcelona, one of the most famous football clubs in the world. The deal lasted three years – its validity expired just last week, June 27.
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