ChainCatcher news, Premier League clubs have reached sponsorship agreements totaling nearly £130 million with crypto companies in 2024, marking a resurgence in the crypto market and a surge in sports partnerships.SportQuake data shows that crypto companies have invested nearly £130 million ($170 million) in sponsorship for the Premier League this season, a year-on-year increase of 30%. This figure may further increase as more deals are expected in the 2024/25 season.

ChainCatcher news, according to The Block, the Premier League club Watford is selling about 10% of the club's shares to investors, including fans. Investors will have the option to receive tokens and gain exclusive benefits, as the club plans to facilitate future trading of the tokens. The club will facilitate the equity sale through the investment platform Republic and its European platform Seedrs.It is reported that the funds raised from this sale will be used to finance initiatives aimed at improving the club's performance—particularly in recruitment, training, and coaching for the men's first team. This funding will also be used to develop the club's brand.

ChainCatcher news, according to The Block, the Premier League's Tottenham Hotspur will issue a fan token on Chiliz, named SPURS.It is reported that SPURS will be sold at a price of $2 per token on October 4. Token holders will be able to participate in on-chain voting and receive certain rewards and experiences.

ChainCatcher news, according to Bloomberg, after a two-year investigation into the former head of an Israeli Super League football team, Israeli police have charged Moshe Hogeg and his partners with defrauding investors of $290 million through cryptocurrency scams, including fraud, theft, money laundering, forgery, and tax crimes. Prosecutors will decide whether to file charges and review evidence related to sexual offenses.

ChainCatcher news, according to the Financial Times, the Premier League has signed a four-year licensing agreement with the fantasy football game Sorare, allowing users to collect and trade digital cards representing players from all 20 teams, which can be used in the Sorare game. Sources reveal that Sorare will pay the Premier League tens of millions of pounds annually for the rights. Under the agreement, the Premier League also has the right to acquire equity in Sorare.Previous report, Sorare announced the completion of a $680 million Series B funding round at a valuation of $4.3 billion, led by SoftBank, with participation from Benchmark, Accel, and others; renowned football player Messi announced his investment in Sorare in November 2022 and serves as the brand ambassador for the platform. (Source link)

ChainCatcher news, according to Theblock, the Premier League is negotiating with Sorare, and both parties may sign a multi-year NFT trading agreement. It is reported that the agreement will include a multi-year collaboration for static player images in NFT form. If both parties successfully sign, the total trading amount per year will be approximately $34.7 million, replacing the Premier League's preliminary agreement with ConsenSys. (Source link)