Crypto.com scraps $495m deal with UEFA Champions League

Published

2 years ago

September 2, 2022

Cryptocurrency exchange Crypto.com has cancelled a five-year sponsorship deal worth $495million with the UEFA Champions League

Major cryptocurrency exchange platform Crypto.com has officially scrapped its deal with the UEFA Champions League.

The in-principle deal would have seen the crypto company take over as the sponsor from Russian state-owned energy company, Gazprom.

Gazprom’s contract was cancelled in March, following Russia’s invasion of Ukraine.

Crypto.com scrapped the deal because of regulatory concerns in the U.K, France and Italy.

The crypto exchange has previously been involved in sports advertising over the past year, with sponsorship into Formula One and the naming rights deal for the Staples Centre in Los Angeles.

Up Next

How many new jobs are there in the U.S.?

Don't Miss

Weather works in NASA’s favour for Artemis launch

Rick D'Andrea

ASX positioned for strong start after positive stock rebound

Published

3 days ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

3 days ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

4 days ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending