Since Russia began its military invasion of Ukraine on Feb. 23, top global corporations such as Apple, Disney, and McDonald’s have suspended operations in Russia in light of that nation triggering the largest European security crisis since the Cold War.
Like those Fortune 500 companies, the world’s largest sports betting companies have followed suit, with one notable exception: Sportradar AG. Sportradar CEO Carsten Koerl, who became a billionaire when the company went public last September, is also a large shareholder in a prominent Russian sportsbook, Sports Handle has learned. When Sportradar will leave Russia, if it decides to depart the country at all, is anyone’s guess.
