Alvotech and the Icelandic sports club KR have signed a collaboration agreement for the 2021 season. Robert Wessman, Chairman of Alvotech and Pall Kristjansson, Head of KR’s football division, signed the agreement.
The agreement includes various collaborations and events, including Alvotech agreeing to pay performance-related bonuses if the team achieves certain targets. A special incentive award in the name of Alvotech, will be given at the end of the season to those players who excel in men's and women's football, in each age group.
Alvotech takes over the agreement from its sister company Alvogen, which has been a sponsor since 2014. Alvotech is also a sponsor of the KR basketball division.