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West Ham sponsor enters insolvency after Swiss currency crisis

Alpari UK, which signed a three-year deal with the football club in 2013, among a string of companies feeling the impact of the sharp move in the currency markets on Thursday

The sponsor of West Ham football club, Alpari UK, has become the latest casualty of the currency crisis sparked by the Swiss central bank.

Alpari UK, which lists its head office at Bishopsgate in the City, said it was insolvent because of the scale of the losses suffered by its clients following the move by the Swiss central bank to allow its currency to float freely on the foreign exchange markets.

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