Money, morality, and nationalism: the contested sponsorship of the Falsterbo horse show.

In early 2025, the Falsterbo Horse Show entered a title sponsorship agreement with Al Shira'aa Stables in the United Arab Emirates, prompting extensive Swedish media coverage and strong public reactions. This controversy offers an opportunity to examine how sport sponsorship becomes a site for moral and geopolitical boundary-making. Drawing on a Foucauldian understanding of discourse as a meaning-making practice, the study analyses 210 Swedish newspaper articles published between February and April 2025 to explore how power/knowledge operates through language and how sponsorship is discursively framed. The analysis identifies three interconnected discourses: the sold-out soul and sportwashing, dirty money and postcolonial morality, and pure money and Swedish nostalgia, that frame the sponsorship as morally and geopolitically contentious. Across these discourses, processes of fetishization and reduction imbue sponsorship funds with moral significance based on their origin. Media portrayals construct money from the UAE as symbolically contaminated, linked to gender inequality, LGBTQ+ rights, human rights violations, and animal welfare, while simultaneously idealizing Swedish sponsorship through nostalgic narratives of national integrity and moral coherence. These judgements draw on broader affective and historical formations, including white melancholia, which position Sweden as a nation losing an imagined ethical distinctiveness. Rather than evaluating the sponsorship itself, the article shows how sponsorship functions as an affective practice shaped by capitalism's identity-producing machinery, delineating which sponsors become imaginable or legitimate. By situating media reactions within wider cultural and geopolitical imaginaries, the study contributes to sport management and sponsorship research by showing how sponsorship is implicated in discourses of morality, identity, and belonging.