Leicester fined up to £880,000 over price fixing with JD Sports
Leicester are to be fined up to £880,000 after “colluding to restrict competition” alongside JD Sports in the sales of club clothing, including replica kit, according to the UK competition watchdog. The Competition and Markets Authority (CMA) has said the Sky Bet Championship side and JD Sports have admitted to anti-competitive behaviour, which include “price fixing conduct”. The parties broke competition law between 2018 and 2021 with arrangements which limited competition in the sale of clothing, the CMA said it has provisionally found. Leicester and its parent companies have agreed to pay a fine up to the watchdog’s maximum penalty of £880,000. JD Sports will avoid a fine after reporting the illegal activity. In August 2018, JD Sports said it would stop selling Leicester-branded clothing online for the 2018-19 season, and in January 2019, JD Sports agreed it would not “undercut” the club in terms of online sales for the following season by applying a delivery charge to all orders, the CMA said. It said JD Sports continued the agreement to sell all Leicester clothing with the charge until at least January 2021. Michael Grenfell, executive director of enforcement at the CMA, said: “Strong and unimpeded competition between retailers is essential to consumers’ ability to shop around for the best deals. “Football fans are well-known for their loyalty towards their teams. In this case we have provisionally found that Leicester City FC and JD Sports colluded to share out markets and fix prices with the result that fans may have ended up paying more than they would otherwise have done. “Both parties have now admitted their involvement, allowing us to bring the investigation to a swift conclusion. “The fine that Leicester City FC and its parent companies have agreed to pay sends a clear message to them and other businesses that anti-competitive collusion will not be tolerated.” In response, Leicester stressed that no current club directors or senior management were involved in the arrangements. “These arrangements related to a limited number of bulk orders by JD Sports, which were accepted by the club’s retail sales team over the relevant period,” the club added. “There was no intention on the part of the club to unlawfully restrict the resale of the goods supplied and no material financial advantage to be gained from doing so, given the limited amount of kit supplied to JD Sports. “However, the club accepts the CMA’s findings and has taken steps to strengthen its training and compliance measures to ensure the club’s retail operations fully comply with competition law.” JD Sports also highlighted that current or former directors or senior management of JD were involved in the offending conduct and that it signed a leniency agreement with the CMA last month. The company added: “JD has taken a number of steps to strengthen its competition compliance programme and the board reaffirms its commitment to making the necessary resource available, internal and external, to ensure that this is embedded into its daily operations.” It comes almost a year after JD Sports, rival Elite Sports and Rangers were handed fines over price fixing on replica kits. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Paris St Germain sack Christophe Galtier Wimbledon schedule further affected as rain prevents play on Wednesday morning Keira Walsh fears injury ‘every time I go on the pitch’ due to increased load
2023-07-05 20:16
Italian shares lag European peers as banks drag, investors await Fed minutes
By Ankika Biswas and Bansari Mayur Kamdar (Reuters) -Italian shares lagged European peers on Tuesday as banking stocks weighed, while
2023-11-22 01:16
Oral Roberts claims surprise College World Series bid; Wake Forest, LSU, Virginia also win supers
Oral Roberts will continue its surprising NCAA baseball tournament run in the College World Series after beating Oregon 11-6 in the deciding game of their super regional
2023-06-12 12:57
Paddington delivers Royal Ascot landmark for O'Brien
Aidan O'Brien said he was looking forward to "his marmalade and toast" after Paddington's victory in the feature St James's Palace Stakes made him the all-time record winning...
2023-06-21 00:48
Even Trump's indictments haven't shattered the deadlock between the parties. Here's why
Former President Donald Trump's mounting legal jeopardy is raising a stark political question: can anything break the sustained electoral stalemate that has left the country divided almost exactly in half between the Republican and Democratic coalitions?
2023-08-01 19:22
EA Sports FC 24 Black Friday Daily Login Upgrade SBC and Objective Set: How to Complete
Here's how to complete the FC 24 Black Friday Daily Login Upgrade SBC and the full objective set tied to it during the Ultimate Team promotiom.
2023-11-23 02:59
Wolves v Chelsea on Christmas Eve means ‘unhappy wife’ for Mauricio Pochettino
Mauricio Pochettino empathises with supporters angry about the Premier League’s decision to move Chelsea’s trip to Wolves to Christmas Eve, admitting it has thrown his festive plans and anniversary celebrations with his wife into chaos. The league confirmed on Thursday that the fixture, which has been pushed back 24 hours to accommodate TV coverage, will be the first played on December 24 since Manchester United played Leeds in 1995, a move that has drawn a backlash from fans. Scheduled for a 1pm kick-off, it could leave supporters struggling to make travel arrangements with train timetables typically amended or curtailed the day before Christmas, while there are also concerns it will impact time supporters traditionally spend with family. Pochettino is set to be doubly affected by the move, as not only is it Argentinian custom to begin Christmas celebrations late on December 24, the previous day also marks his and his wife’s 31st wedding anniversary – which he will now spend travelling to Wolverhampton. Despite not being consulted by the league he conceded that the club has little choice but to go along, but backed objections by supporters who have spoken out. “It’s a little bit strange but we need to accept the rules of the Premier League, that we need to go there and to play,” said Pochettino. “(In Argentina) we celebrate on the night of the 24th. At 12 o’clock on the night we start to celebrate Christmas. More than the 25th because you’re asleep nearly all day. Here it’s different because you celebrate on the 25th with the family. “I need to see things in a different way. For sure our fans are not happy but we need to accept this new era in football. “(The Premier League) didn’t ask us. They wanted some meeting with me and all the coaches one week before the season. I said I’m more than happy to share time with you, but it’s better if you prepare the meeting before the end of the season to prepare the next season. “If they ask me I will give my opinion, but at the moment we are not involved in the decisions.” He added: “I don’t know what to do (with my wife). I need to find some ideas to compensate. (Search online for) ‘unhappy wife’.” The Wolves game is the first of three in seven days for Chelsea over the Christmas period, with Crystal Palace due at Stamford Bridge on the evening of December 27 before visiting Luton on December 30. The Palace game has been moved from Boxing Day in order to accommodate the controversial Christmas Eve fixture. Pochettino reiterated that supporters’ concerns must be paramount in scheduling decisions. “We play and we work and all that we are doing is for our fans,” he said. “Without fans, football (is nothing). We need to protect, and to care, and to look after our fans. “Of course I agree with them, that I am not happy if they are not happy. It’s common sense. I can understand. “I don’t know what is behind it. I don’t know why. No one explained. I cannot tell. I hope it’s one time and never again, but we’ll see what happens. “People love football in England and they are going to be there. Our fans are going to be there supporting the team. But I don’t know if it’s going to be a regular situation.” Asked whether the club would offer a new contract to Conor Gallagher – who has captained the side in the absence of injured pair Reece James and Ben Chilwell – Pochettino likened the situation to the balancing act he now faces on the home front. “It’s like how we were talking about my wife,” he said. “It’s about to match and to feel good being together. It’s like a marriage with the club. They both need to feel good, then you can drive at a good deal. “He is a player that is doing fantastic. He’s an amazing player and we’re so happy with the way he is doing things.” Read More Kyle Walker says Manchester City will be wary of Marcus Rashford in derby Tottenham extend lead at top of Premier League with victory at Crystal Palace Lauren Hemp effort enough as England edge Nations League victory over Belgium Tyson Fury: Ngannou fight like Djokovic facing table tennis player at Wimbledon Matthew Mott wary of ‘raging favourites’ as England look to avoid further shame Pep Guardiola condemns Man City fans who sang offensive Sir Bobby Charlton chant
2023-10-28 05:52
Who is Krayzie Bone's wife? Bone Thugs-N-Harmony rapper 'fighting for life' as docs try to fix his bleeding lung
Krayzie Bone has been coping with sarcoidosis, which can result in organ damage and is thought to be the cause of his hospitalization
2023-09-27 17:57
Who is Jake from State Farm? Insurance commercials actor makes Taylor Swift reference after attending NFL game with Donna Kelce
Jake from State Farm was seen enjoying Jason Kelce's game with his and Travis' mother Donna
2023-10-02 21:22
Claire Gugerty: Tiger shark attacks woman 'who loved swimming' on Mother's Day at South Carolina beach
Claire Gugerty and her family were on vacation at Isle of Palms to see her aunt Mimi Wood
2023-05-17 12:46
Barcelona 2022/23 season review: Title drought ends as Xavi reinvents philosophy
A comprehensive review of Barcelona's 2022/23 season, including their full record, transfers, best players, best signing and biggest disappointment.
2023-06-07 16:19
49ers crush Steelers, Cowboys embarrass Giants on opening NFL Sunday
The San Francisco 49ers dominated Pittsburgh 30-7 in just one of the big wins of an NFL opening Sunday that ended with the Cowboys' 40-0...
2023-09-11 12:20
You Might Like...
Indonesia Defends Ukraine Peace Plan, Says Asia Knows War’s Cost
Lionel Messi's goals in the 2023 Leagues Cup - ranked
Liverpool in advanced talks to sign Dominik Szoboszlai
Danone Pins Turnaround Hopes on AI
Tesla doubles discounts on Model 3 cars in US inventory
Kim Jong-un’s chair was ‘greatest concern’ at Putin summit
B.J. Callaghan hails Gio Reyna after "special" performances from USMNT
Morgan Stanley, Rothschild Join Finance Elite in Abu Dhabi Push
