Polkadot and Binance maintain both tried to sponsor the Spanish football club.
Key Takeaways
- FC Barcelona has reportedly rejected a vary of sponsorship bids from cryptocurrency companies in most modern weeks.
- The Spanish football club cited a lack of self belief in the cryptocurrency trade as one trigger of the decision.
- Polkadot and Binance submitted bids in January; Spotify has secured a address the club.
FC Barcelona, a Spanish football club usually known as Barça, has reportedly rejected sponsorship bids from a vary of crypto companies.
Barcelona Rejects Crypto Sponsorship
Spanish newspaper Sport reported on Feb. 22 that the football club and its president, Joan Laporta, rejected a vary of sponsorship bids from cryptocurrency exchanges and firms.
The newspaper cites a “lack of self belief in the sector and the dearth of enterprise solidity of the [sponsorship] proposals” as the club’s trigger of rejecting those presents.
Even though Sport failed to display which companies were rejected, Polkadot and Binance were both said to be bidding in January. Polkadot used to be anticipated to pay $110 million over five years; the amount that Binance would maintain paid is unclear.
It should always be well-known that some reports instructed that Barcelona intends to negotiate extra than one sponsorships, and as such, it is miles narrowly that it is doubtless you’ll maybe possibly even judge of that Polkadot and Binance have to not among the many cryptocurrency sponsors rejected by the football club.
Other Sponsors Comprise Rakuten, Spotify
Now, Barcelona is closing a sponsorship address tune streaming company Spotify. Spotify will maintain stadium naming rights as correctly as a presence on a vary of team uniforms along side the first team equipment, females’s equipment, and practicing equipment.
The actual amount though-provoking regarding the Spotify deal is aloof unclear and can likely count upon participant efficiency, based on Sport. On the opposite hand, varied sources that Spotify pays about €280 million ($320 million) over three years for the sponsorship.
Previously, FC Barcelona used to be backed by the Eastern e-commerce say Rakuten, which by the plan in which presents a digital pockets with some crypto substances. That sponsorship resulted in 2021.
Disclaimer: On the time of writing this author held lower than $100 of Bitcoin, Ethereum, and altcoins.
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