{"id":2644,"date":"2024-10-08T13:53:47","date_gmt":"2024-10-08T13:53:47","guid":{"rendered":"http:\/\/stakery.io\/?p=2644"},"modified":"2024-10-09T14:25:36","modified_gmt":"2024-10-09T14:25:36","slug":"crypto-companies-replacing-premier-league-gambling-sponsors-investing-170m-this-season","status":"publish","type":"post","link":"http:\/\/stakery.io\/index.php\/2024\/10\/08\/crypto-companies-replacing-premier-league-gambling-sponsors-investing-170m-this-season\/","title":{"rendered":"Crypto Companies Replacing Premier League Gambling Sponsors, Investing $170m This Season"},"content":{"rendered":"<div style=\"margin-top: 0px;margin-bottom: 0px\" class=\"sharethis-inline-share-buttons\"><\/div>\n<p>Cryptocurrency firms are investing heavily in the English Premier League (EPL), committing nearly $170m for the 2024-2025 season. <em>Bloomberg News<\/em> reported that this figure will likely increase with more agreements to come during the course of the season.<\/p>\n<p>With <a href=\"https:\/\/www.vegasslotsonline.com\/news\/2023\/04\/13\/english-premier-league-agrees-to-ban-front-of-shirt-gambling-sponsors-by-2026-2027-season\/\">a ban on front-of-shirt gambling sponsors from the start of the 2026-2027 season<\/a>, teams are looking for ways to replace these lucrative revenue sources. It appears that cryptocurrency companies are stepping into the breach.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>Manchester City reporting a $70m, three-year agreement with OKX<\/p>\n<\/blockquote>\n<p>Some of the most notable partnerships include Tottenham Hotspur penning a deal with popular cryptocurrency exchange Kraken and reigning EPL champions Manchester City reporting a $70m, three-year agreement with OKX.<\/p>\n<p>The companies typically get access to advertising positions around stadiums on game days, appearances on team jerseys, and access to players to create exclusive content.<\/p>\n<p>The <em>Bloomberg News<\/em> report explained that clubs often ask cryptocurrency firms to pay the sponsorship upfront rather than a more gradual arrangement due to the sector\u2019s volatility. The contracts also have clauses that allow teams to exit the agreements if certain issues arise that might cause reputational damage.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.vegasslotsonline.com\/news\/2024\/10\/08\/crypto-companies-replacing-premier-league-gambling-sponsors-investing-170m-this-season\/\">Crypto Companies Replacing Premier League Gambling Sponsors, Investing $170m This Season<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.vegasslotsonline.com\/news\">Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency firms are investing heavily in the English Premier League (EPL), committing nearly $170m for the 2024-2025 season. Bloomberg News reported that this figure will likely increase with more agreements to come during the course of the season. With a ban on front-of-shirt gambling sponsors from the start of the 2026-2027 season, teams are looking&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17],"tags":[],"_links":{"self":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2644"}],"collection":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/comments?post=2644"}],"version-history":[{"count":1,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2644\/revisions"}],"predecessor-version":[{"id":2645,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/posts\/2644\/revisions\/2645"}],"wp:attachment":[{"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/media?parent=2644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/categories?post=2644"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/stakery.io\/index.php\/wp-json\/wp\/v2\/tags?post=2644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}