Man City

28 January 2022 - 10:22 AM

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Another Man City sponsor with seemingly no staff, no active products and being run out of a mailbox in London

  • Investigation shows that Man City’s longstanding partners, Wega, have also been active in Qatar, where it launched the “eSports World Cup” with a $15m prize pot, although detail for the tournament has never materialised and officials claim no knowledge.
  • Last month Manchester City parted company with a crypto-sponsor after media reports revealed the company had no management team.
  • In this new case the fintech UK operating company, based out of a house near Watford, possesses assets of £1229 with a person of significant control based in UAE.
  • Why it matters: City’s sponsorships have been under scrutiny for years and in 2020 it was fined €10 million for failing to cooperate with UEFA’s Club Financial Control Body.
  • The perspective: With crypto, NFT, fintech and other new businesses investing in football, proper due diligence has never been more important for clubs. Expect more legal experts reviewing commercial partnerships at football clubs.

An Off The Pitch investigation has revealed another company, seemingly with no staff, no active products, barely any assets and whose operating company is registered to a mailbox in London, is a longstanding official partner to Manchester City.

It follows the cancellation last month by City of a partnership with a company called 3Key, after allegations were raised over the legitimacy of the cryptocurrency firm’s operati

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