IronFX, the Cyprus-based forex and CFDs broker, has taken to the seas with its newest sport sponsorship, signing a partnership with the Offshore Racing Congress (ORC) to sponsor the ORC Worlds 2017, a sailing contest taking place in Trieste, Italy between July 2nd and 8th, 2017. The deal is worth an estimated 80-120,000 EUR according to industry sources. In addition, IronFX is sponsoring the yacht representing Cyprus.
Founded in 1969, the ORC is the international body that regulates the sport of competitive offshore sailing.
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The ORC Worlds 2017 is being held in the Upper Adriatic and the Gulf of Trieste for the first time. More than 1500 athletes will stay at the regatta venue at Porto San Rocco during the event, with two simultaneous regatta course areas planned by the Regatta Committee to guarantee the best racing for the most anticipated sailing event of the year.
The company commented on the new sponsorship: “We excel ourselves by being at the cutting edge of everything we do. Having our corporate yacht qualifying and participating at the prestigious World Sailing Championship, representing Cyprus for the first time, signifies our commitment to remain agile and responsive to client needs whilst continuing our commitment to CSR initiatives relating to education, sports, and general social welfare.”
IronFX made a lot of headlines the last time it signed a sponsorship deal. In 2014, IronFX signed a sponsorship deal worth 2-3 million EUR a year with Barcelona FC, one of the most famous football clubs in the world. The deal lasted for the whole three years, coming to an end last week on June 27.