Lucy Castledine
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UK regulator warns Premier League clubs over crypto sponsor deals
UK regulator warns Premier League clubs over crypto sponsor deals LONDON, June 3 : Britain's financial regulator has warned soccer clubs including those in the Premier League that sponsorship deals with unauthorised crypto firms and trading platforms could expose them to legal liability, money laundering and reputational damage. The Financial Conduct Authority said on Wednesday that unauthorised firms may be breaching UK financial promotion rules by using high-profile sponsorships to target...
UK warns top football clubs against deals with foreign crypto providers
The U.K.’s City watchdog has warned top British football clubs not to sign sponsorship deals with unauthorized international financial firms, as they may be targeting “unwitting football fans.” The Financial Conduct Authority issued the caution in a letter to teams ahead of England, Scotland and other international teams heading to the U.S., Mexico, and Canada for the 2026 World Cup, which will kick off on June 11. The regulator warned clubs, mainly those in the Premier League, about their...