Senior officials at Sheffield United have been made aware this morning that the Australian division of our principal partner, Union Standard Group PTY Ltd "USGFX", has entered voluntary administration.
The global multi-asset broker agreed a three-year term with the Blades at the start of the 2019/20 season to become front of shirt and sleeve sponsor.
A spokesperson for USG has confirmed the following. The directors and management of USGFX are committed to continue working with all parties and assisting with matters to ensure all legal requirements are satisfied.
USG Group, known as USG, consists of several companies, including USG AU, USG UK and others. The news relates only to USG AU and does not influence the financial status or service of USG.
The UK operation, USG UK, which is regulated by the FCA is not affected by this situation and continues to trade as normal.
Sheffield United will not be commenting further on the matter at this time.