Arsenal & BYD: Have the Gunners been duped by a fraudster?

Arsenal & BYD

Back in May news broke that Arsenal had agreed a new deal with Chinese company BYD.

BYD are makers of electric cars, and they agreed a global sponsorship deal with the Gunners.

If you look for news reports at the time of the deal, you’ll easily find quotes from BYD celebrating their Arsenal contract.

Sherry Li, BYD’s General Manager for Global Branding and PR, was quoted saying:

It’s a great honor for BYD to start this relationship which is appropriate given our joint commitment to the environment.

We look forward to working together in the coming months to raise the profile of our combined sustainable vision and, in BYD’s case, our zero emissions products.

Fears Arsenal were duped by a fraudster

Yet, on Monday morning reports are doing the rounds that Arsenal may have been tricked into the BYD deal.

It’s being reported that a fraudster may have agreed the deal with the Gunners. Bloomberg has reported on the possible crime:

BYD Co., the Chinese electric-car maker backed by Warren Buffett, asked the police to investigate a person who allegedly posed as an employee and signed unauthorized marketing contracts in the company’s name.

BYD informed Arsenal that it believes it is the victim of a fraud related to various advertising agreements, including the carmaker’s partnership with the soccer club, Arsenal said on July 13. The club said it is investigating the situation while talking to senior management of BYD.

In the event that Arsenal were in fact tricked into the contract, the Gunners will be left with egg on their face for having been fooled.

Also see: Arsenal fans are ‘gutted’ for Laurent Koscielny.

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