The FCA has written to several football clubs to warn them about their relationships with unauthorised firms, including crypto businesses and trading platforms, who may be breaching UK laws in providing financial services in the UK without proper authorisation, and who may attract football fans whose clubs sponsor them. The FCA is concerned that fans who use these firms may lose all their money – it says clubs should not let unauthorised firms exploit fan loyalty, while fans should always check the FCA Firm Checker before buying from a firm whose logo is on their club’s shirt.
FCA warns football clubs on “questionable” sponsorships
