Penalties and extra time: The scoreboard for soccer club crypto deals

Despite Turkish regulations having hamstrung Bitci’s soccer sponsorship deals, footballing companies already have home-field advantage.
The world’s most popular sport suffered an own-goal as European clubs canceled their partnerships with Bitci, a Turkish exchange. However, plenty of substitute crypto companies are on the bench, ready to bring crypto to the mainstream through soccer.Growing yet unclear cryptocurrency regulations in  have reportedly hampered the company’s ability to make payments, leading to a lack of confidence among major soccer clubs.Portugal’s Sporting CP — the green-and-white-striped footballers famed for being the club where Cristiano Ronaldo cut his teeth — and Italian Serie A club Spezia have also canceled their partnership with Bitci. The F1 powerhouse Mclaren Racing terminated its sponsorship deal with Bitci earlier in February.Barcelona also recently announced that it would favor a partnership deal with Binance over Spotify despite the launch of its fan token in April 2021. While it would appear that and soccer partnerships are down to 10 players, deals, enthusiasm and sponsorships for crypto among football clubs are an open goal.Of England’s 20 football clubs, 17 have at least one deal with a cryptocurrency firm. For Watford soccer club, not only does Dogecoin (DOGE) appear on the shirtsleeve, but Stake.com sponsors the main body of the shirt. Dogecoin and Stake.com on Watford FC football shirt. Source: DWEighty miles Southeast of Watford, in Southampton, “the Saints,” as they are known locally, launched a Bitcoin (BTC) hunt on Wednesday. In partnerships with crypto betting site Sportsbet.io, the online quiz winner takes home a whole BTC.Still in England, Bitcoin podcaster Peter McCormack sparked the beginnings of an English underdog as he bought his local club Bedford FC. He’s keen to take on the Premier League with the help of Bitcoin and its community. While .com recently renamed the American football stadium in from the Staples Center to the .com arena, in Italy, the entire football league is sponsored by the cryptocurrency giant.Elsewhere, fan tokens are also growing in popularity among European football fans. As Cointelegraph reported, blockchain sports firm Chiliz has caught the eye of major football clubs, while the Socios platform announced a deal with UEFA.The Inter Milan fan token appearing on the shirt. Source: Inter.itRelated: Touchdown! Goal! Knockout! Crypto and sports collide in 2021While a crypto sponsor for a European national team may have to wait until next season, the Argentine team was the first national soccer club worldwide to take on a crypto sponsor. Binance recently partnered with the white and sky blues. Finally, as European soccer waits for a national team to be sponsored by crypto, in rugby football, the Bitpanda crypto exchange now sponsors the Azurri. The exchange made the announcement ahead of Italy’s clash with the Six Nations rugby teams in January.Ciao ragazzi! We are proud to announce that we will be the main sponsor of @Federugby, the Italian Rugby Federation. So, @SixNationsRugby fans, get ready to spot our logo whenever gli Azzurri are playing!Find out more: https://t.co/JVBrA641hF pic.twitter.com/LGgKphmL0s— Bitpanda (@bitpanda) January 20, 2022

This post was syndicated from https://cointelegraph.com/news/penalties-and-extra-time-the-scoreboard-for-soccer-club--deals and originally written by our friends Joseph Hall at https://cointelegraph.com/feed
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