Schalke have confirmed that they have ended their long-standing partnership with Russian energy corporation Gazprom due to the ongoing conflict in Ukraine.
Russia was due to host the final of the Champions League, which is also sponsored by Gazprom, but that fixture has since been moved to Paris in the aftermath of Russia's military operation against Ukraine.
As far as Schalke are concerned, they made the decision to remove Gazprom from their shirts last week and have now confirmed that the 16-year partnership between club and company has been terminated early.
"The FC Schalke 04 managing board and supervisory board have come to the agreement to end the club’s partnership with GAZPROM prematurely," a statement read. "The club are currently in discussions with representatives of the current sponsor and further information will be released at a later date.
"This decision does not affect the club’s financial capabilities. The club’s leadership are confident to be able to announce a new partner in the near future."
UEFA are also looking to terminate their agreement with Gazprom. The Russian energy supplier signed a new three-year sponsorship deal in May 2021 that is worth around £33m per year, but UEFA are hopeful of ending that early.