Carlsberg has withdrawn its sponsorship due to change of management and the financial losses the company

Our investigations have revealed that Carlsberg has withdrawn its sponsorship due to change of management and the financial losses the company has been incurring.

The company recently demoted its CEO, Abel Chanje, due to the company losses and engaged new management team of Carlsberg Denmark to improve its financial performance.

This has resulted in the company stopping some activities they felt were contributing to the losses and unfortunately one of them is teams sponsorship.