UEFA Champions League, Will Crypto Sponsors Make a Comeback in 2024?

UEFA Champions League, Will Crypto Sponsors Make a Comeback in 2024?

Mar 14 Tech Standard

Calling all crypto exchanges! The beautiful game is beckoning. UEFA, the governing body of European soccer, is on the hunt for sponsors from the cryptocurrency exchange sector for the upcoming 2024-2027 Champions League cycle. This prestigious club competition offers massive exposure and could be a game-changer for any crypto brand looking to expand its reach.

While UEFA already has secured sponsors from various sectors for the current Champions League cycle, they're actively seeking additional partners from the crypto space. Interested exchanges have until March 20th to submit their official bids.

This renewed interest in crypto sponsors comes after a near miss in 2022. Crypto.com almost secured a massive sponsorship deal worth £428 million over five seasons. Unfortunately, the agreement fell through due to regulatory concerns.

Despite this setback, UEFA remains optimistic about the potential of crypto partnerships. The success of Just Eat Takeaway.com's recent sponsorship renewal demonstrates the value proposition of aligning with major European football tournaments. This renewed agreement grants Just Eat Takeaway.com significant brand exposure throughout Champions League matches.

Meanwhile, crypto firms are increasingly recognizing the power of sports sponsorships to build brand awareness and attract new customers. We've seen major deals like Crypto.com securing the naming rights for the former Staples Center and sponsoring the UFC. These partnerships illustrate the growing convergence between crypto and the world of sports.

Will another crypto exchange rise to the challenge and become the official sponsor of the Champions League? Only time will tell. But one thing's for sure: the upcoming bidding process promises to be an exciting development for both the world of European football and the ever-evolving crypto landscape.


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