What risk factors should clubs consider when entering a commercial deal?
Shaf Sohail and Oksana Achreja spoke to Off The Pitch recently to share their expertise on 10 of the top risk factors in major sports deals, from reputational, non-payment, and regulatory risk to general governance and ethical risks.
The article touched on lessons learnt from recent news including:
• Manchester City have suspended their partnership with its cryptocurrency start-up company, 3key
• Barcelona terminated a partnership with NFT marketplace, Ownix, after just a fortnight following fraud raids on Ownix offices
• Norwich director Zoe Ward admitted the club didn’t carry out proper due diligence in relation to the BK8 deal which was axed after three days
• Everton announced i8.BET as the club’s new Asian betting partner, with questions about who they are and what they actually do unclear
Read the full article here.