The Scottish Sun newspaper reports
HAMILTON Accies are renaming their stadium after scoring a sponsorship deal with a cannabis oil firm.
The footie club will rake in a five-figure sum each year to change New Douglas Park to the Hope CBD Stadium.
Critics blasted the move for “normalising” cannabis.
But Accies’ chief executive Colin McGowan — director of the oil firm — defended the legal painkiller which doesn’t get users high.
He said: “Will there be people saying, ‘Hamilton Accies are supporting a drug, it’s unbelievable’?
But Maggie Anne McGregor was among fans of the plan, saying: “I use CBD for pain which works a lot better than meds.”
A club shop already sells CBD teas and sweets.
League chiefs SPFL refused to comment.
Club website https://www.hamiltonacciesfc.co.uk
And this is why they need the money……
2017 fraud incident
In October 2017, an elaborate voice phishing fraud was perpetrated on Hamilton Academical. Posing as a fraud investigator for the club’s bank (Royal Bank of Scotland), the culprit convinced the club’s account handler that funds were at risk from corruption within the company and should be moved temporarily, providing instructions to evade suspicion in the bank’s genuine checks when monies began to be transferred. The account handler also spoke to an accomplice via a telephone number provided by the main culprit to ‘confirm’ the legitimacy of the instructions. With the employee sufficiently deceived, a total of close to £1 million was transferred out of the club’s accounts over several transactions, with the fraud being discovered the following day. The incident involved most of the club’s working funds, causing the abandonment of a project to improve the youth academy.
In February 2018, having only been able to recover a small percentage of their funds, Hamilton publicly declared that they were preparing to take legal action against the bank for a portion of the loss, believing the bank’s security mesaures to have been inadequate in detecting the fraud (due to the unusual pattern of the transactions and the large sums involved); RBS refuted this but stated they were working with the club and the police to identify those responsible. The Accies chief executive Colin McGowan later described RBS as “morally bankrupt” after he was informed during discussions to prevent future losses that the bank’s system did not allow customers to set daily transfer limits.