The English Premier League will take a closer look at the increasing number of cryptocurrency deals signed by its clubs, The Times reports.
The top tier of the country’s football pyramid doesn’t regulate such partnerships.
The news comes after Manchester City had to put a cryptocurrency deal on hold after it came to light that none of the executives mentioned in the press release had any sort of online presence. This gave ground to speculation about whether or not the company actually exists.
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Alex DovbnyaStrapped for cash, clubs view cryptocurrencies and NFTs as a viable source of revenue, but they are also concerned about their negative impact on fans.
Denys Serhiichuk
Tomiwabold Olajide