JAKARTA – Crypto Tezos (XTZ) is reportedly in a partnership with the English Premier League giants, Manchester United (MU), as reported by The Athletic. With the agreement, the price of XTZ has increased by 5 percent.
Reporting from U.Today, the agreement has not been officially announced by both parties. Reportedly the deal will be worth more than 20 million pounds sterling or the equivalent of 27 million US dollars (approximately IDR 388.5 billion) per year.
Therefore, the Tezos logo will be emblazoned on the club's training equipment. MU is one of the most prestigious football clubs in Europe and has made a video related to promotional materials for the partnership with XTZ.
As part of its partnership with Tezos, the club nicknamed the Red Devils is likely to explore Web 3.0. On the other hand, MU's sponsorship deal with an insurance company from the United States of America AON ended at the end of last season.
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The Hut Group, a British e-commerce company, was in talks to secure a deal with the legendary football club last year, but the partnership fell through as United fans opposed the club's owners.
United is currently controlled by the sons of the late American businessman Malcolm Glazer. Joel Glazer, who supports the European Super League, was forced to face backlash from fans last year over a highly controversial Super League plan.
As reported by U.Today, the Premier League began exploring a deal with a cryptocurrency company signed by the club after rival Manchester City signed and suspended a partnership with a crypto startup that was deemed dubious because of the presence of the potential ManCity partner was not online.
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