- FC Barcelona has reportedly rejected numerous sponsorship bids from cryptocurrency corporations in latest weeks.
- The Spanish soccer membership cited a insecurity within the cryptocurrency business as one motive for the choice.
- Polkadot and Binance submitted bids in January; Spotify has secured a cope with the membership.
Share this text
FC Barcelona, a Spanish soccer membership also called Barça, has reportedly rejected sponsorship bids from numerous crypto corporations.
Barcelona Rejects Crypto Sponsorship
Spanish newspaper Sport reported on Feb. 22 that the soccer membership and its president, Joan Laporta, rejected numerous sponsorship bids from cryptocurrency exchanges and corporations.
The newspaper cites a “insecurity within the sector and the shortage of financial solidity of the [sponsorship] proposals” because the membership’s motive for rejecting these gives.
Although Sport didn’t point out which corporations had been rejected, Polkadot and Binance had been each stated to be bidding in January. Polkadot was anticipated to pay $110 million over 5 years; the quantity that Binance would have paid is unclear.
It ought to be famous that some experiences urged that Barcelona intends to barter multiple sponsorships, and as such, it’s narrowly doable that Polkadot and Binance are usually not among the many cryptocurrency sponsors rejected by the soccer membership.
Different Sponsors Embrace Rakuten, Spotify
Now, Barcelona is closing a sponsorship cope with music streaming firm Spotify. Spotify will achieve stadium naming rights in addition to a presence on numerous crew uniforms together with the primary crew equipment, girls’s equipment, and coaching equipment.
The precise quantity concerned within the Spotify deal continues to be unclear and can doubtless rely upon participant efficiency, based on Sport. Nevertheless, different sources that Spotify pays about €280 million ($320 million) over three years for the sponsorship.
Beforehand, FC Barcelona was sponsored by the Japanese e-commerce website Rakuten, which by the way gives a digital pockets with some crypto options. That sponsorship resulted in 2021.
Disclaimer: On the time of scripting this creator held lower than $100 of Bitcoin, Ethereum, and altcoins.
NFT Express: Your on-ramp to the world of NFTs
At Tatum, we’ve already made it super easy to create your own NFTs on multiple blockchains without having to learn Solidity or create your own smart contracts. Anyone can deploy…
Tezos Seals Partnership With Esports Giant Team Vitality
Tezos has secured a partnership with French esports giant Team Vitality. The three-year deal aims to bring Team Vitality closer to its fans than ever before by leveraging Tezos’ energy-efficient…
FTX U.S. Has Signed Yet Another Sports Marketing Deal
FTX U.S. will partner with Washington D.C.’s Monumental Sports and Entertainment. FTX U.S. Partners With Washington Sports Teams FTX can’t stop partnering with major sports teams. The leading crypto exchange’s…