Crypto has been slowly but surely making its way to professional sports. If you look around in the sporting world, you will clearly see that there have been loads and loads of teams and athletes who have been openly endorsing crypto. From football, mixed martial arts, rugby, and a variety of other sports, crypto has been a prominent part of the sport sponsorship world. However, this is just the beginning, as people claim that there could be a lot more.
Unfortunately, however, there are some leagues and championships where endorsing crypto is frowned upon. While there are plenty of examples, the most recent one that has come to light is the national football league. The NFL has been a popular part of American sports history and there have been loads and loads of tournaments and championships over the years.
If you have been following the NFL for a while, you will be well aware of the fact that the teams participating in it get high-profile sponsors. These sponsors offer their teams millions upon millions of dollars and increase their annual revenue tremendously. These sponsors could include sporting companies, fast food chains, beer manufacturers and much more. Recently, however, there has been a massive shift in trend, with crypto entering the show.
A large number of soccer teams like Inter Milan, Paris Saint Germain, AC Milan and several others have received crypto related sponsors. Needless to say, their deals are incredibly lucrative and will provide them profits in the long as well as short run. Unfortunately, however, the teams from the national football league will not be able to enjoy crypto-related sponsors.
This is because there has been a massive ban imposed on these teams for NFT sales and crypto-related advertisements. As you would expect, this news came off as a big surprise for the athletes as well as the fans of the national football league. The franchises, in particular, were quite upset because they could have earned lucrative deals from crypto-related sponsorships. While there is no news regarding if these bans would be lifted, one thing is for certain, and that is these bans will be there for a good while.
According to a statement released in the press, it was revealed that clubs in the national football league were prohibited from advertising or selling coins or a sort of crypto. There have been some rumors going around that these bans will not be as strict as initially thought, but there is a fair bit of uncertainty. Needless to say, the teams in the NFL will have to do with noncrypto sponsors until further notice.