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Off The Pitch Legal: Arsenal receive crypto censure

Arsenal

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My Career: Thomas Fisler, EY Partner, Head Sports Tax and Private Client Tax Services Zurich

16 August 2022 - 5:30 AM

The UK’s Advertising Standards Authority (ASA) has upheld a ruling against promotion carried out by Arsenal of their fan token, saying that social media adverts last summer were “misleading” and “irresponsible”.

Fan tokens are promoted as engagement tools, but are often underpinned by cryptocurrencies, which are hugely volatile and largely unregulated. The value of Cryptocurrencies have plummeted over recent months.

Last year the ASA said that the club “trivialised investm

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