Spanish soccer (football) is struggling a “crypto hangover,” a brand new file has claimed – with many L. a. Liga golf equipment left with “defaults, court cases, and an enjoy to omit” after partnerships with crypto sponsors soured.
The newest membership to undergo issues of a sponsor from the crypto sector is Celta Vigo. The membership partnered with the Turkish crypto alternate Bitci in 2021.
However in a press free up revealed on Twitter previous this week, Celta claimed that the alternate has “no longer made any bills” for the reason that deal used to be struck.
Celta wrote that it “has been pressured to call for Bitci to satisfy its fee responsibilities on a number of events.”
The membership wrote that Bitci had “restricted itself to providing quite a lot of guarantees of fee, which it hasn’t ever fulfilled.”
The membership mentioned it had “made up our minds to start up prison motion” to “request the overall compliance of what the events agreed.”
The membership concluded that it used to be making “the best efforts” to unravel an “ugly scenario” that have been “brought about solely via Bitci.”
However Celta’s case isn’t an remoted incident. Xataka reported that Bitci had asked fee delays to quite a lot of its different Spanish companions – together with Celta competitors Valencia, in addition to the Barcelona-based L. a. Liga aspect Espanyol.
Espanyol stated they had been making an attempt to take Bitci to court docket over unpaid charges remaining yr.
Which Different Spanish Soccer Golf equipment Are Struggling a ‘Crypto Hangover?’
Xakata reported that Bitci claims it has the “solvency” to pay its expenses to Spanish golf equipment. However it reportedly says that its arms had been tied via just lately offered Turkish law.
The similar crypto platform additionally has sponsorship offers with Cádiz, Alavés, and Actual Betis. It additionally penned a care for the Royal Spanish Soccer Federation – with its brand published on Spanish nationwide workforce coaching apparel.
However Bitci isn’t the one crypto platform to embark on a rocky experience with L. a. Liga groups.
Xakata additionally reported that remaining yr, Actual Sociedad’s major blouse sponsor, a fan token issuer named Iqoniq, folded. Iqoniq owed Sociedad $875,000 in unpaid sponsorship charges on the time of its liquidation.
Previous this month, two top-level Brazilian footballers introduced their aim to sue a fellow professional participant, claiming that he had satisfied them to put money into a crypto pyramid scheme.
Supply Via https://cryptonews.com/information/spanish-football-clubs-sue-crypto-sponsors-which-teams-are-affected.htm
