• Loading stock data...
Monday, July 14, 2025

Premier League Unfazed By Downturn, Strikes Crypto Deal

  • The Premier League struck a four-year, exclusive deal with Sorare.
  • The Premier League has an option to take an equity stake in the game.
Sorare
Sorare

The world’s biggest and most popular soccer league isn’t backing away from crypto.

The Premier League is expanding its digital footprint with a four-year, exclusive deal with blockchain-based fantasy soccer game Sorare.

As part of the agreement, Sorare players can buy and use officially licensed digital cards representing Premier League players, and the Premier League has an option to take an equity stake in the game.

Financial terms of the deal weren’t disclosed.

  • Sky Sports reported in October — when a potential transaction was first mentioned — that the multiyear deal is around $37 million annually.
  • The Financial Times reported the deal is worth “tens of millions of pounds a year,” with each year’s final payment based on performance. 

Sorare, which is reportedly the third-biggest NFT collection worldwide and processes around $1 million of transactions in a 24-hour period, was last valued at $4.3 billion in 2021 following a $680 million funding round led by Softbank.

Sticking With Sports

Unlike other crypto companies, Sorare — which counts Kylian Mbappe, Lionel Messi, and Serena Williams as shareholders — hasn’t had to back away from sports deals as it focuses on intellectual property over sponsorships.

Last year, it struck deals with Major League Soccer, Major League Baseball, and the National Basketball Association. 

Exchanges for Sorare totaled $500 million in 2022 — up from $270 million in 2021.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL’s New Headsets Are Designed to Survive Coach Tantrums

New NFL coaching headsets underwent “extensive drop testing.”
NBC Sports
exclusive

NBC Hiring Ex-Hawks Exec Grant Liffmann As NBA Front Office Insider

Liffmann spent the last three years with Atlanta after covering the Warriors.

MLB’s HR Derby’s $1M Prize Tops Salaries for Three Rising Stars

Three derby competitors could more than double their 2025 salary.

SEC’s Greg Sankey: Conference Not Sold on Private Equity—for Now

SEC commissioner Greg Sankey said he’s taken PE meetings.

Featured Today

May 31, 2025; Philadelphia, PA, USA; Sydney McLaughin-Levrone (USA) reacts before the women's 100m hurdles during the Grand Slam Track Philadelphia at Franklin Field
exclusive

Track’s New Money Is Running Into Old Problems

The sport’s big-money era has hit some speed bumps in 2025.
Bobbleheads are seen at Vintage Indy Sports, Tuesday, April 29, 2025 in Speedway. The local sports memorabilia store opened recently.
July 12, 2025

Baseball’s Bobbleheads Are the Center of the Collectibles Universe

Baseball’s most important keepsake drives long lines—and big business.
Rimouski, QC - JUNE 1: Final Game of the 2025 Memorial Cup between the Medicine Hats Tigers and the London Knights on June 1, 2025, at the Colisée Financière Sun Life in Rimouski, Qc.
July 11, 2025

CHL Is Facing a ‘Pandora’s Box’ of Questions Amid NCAA Talent Departure

As players defect to college, the Canadian Hockey League won’t cede ground.
Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.
July 9, 2025

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.

MLBPA Chief Says League Missing Chance to Build On Success

Union leaders again call out perceived moves toward a salary cap.
[Subscription Customers Only] Jul 13, 2025; East Rutherford, New Jersey, USA; Chelsea FC defender Reece James (24) lifts the trophy as he celebrates with teammates as U.S. president Donald Trump after the final of the 2025 FIFA Club World Cup at MetLife Stadium.
July 14, 2025

Four Things We Learned From the $1 Billion Club World Cup

FIFA now turns to U.S. World Cup next summer.
The 153rd Open Championship at the Royal Portrush Golf Club in Northern Ireland
July 14, 2025

Open Championship Considers Ireland: Portrush ‘Will Open’ Gates

Royal Portrush Golf Club in Northern Ireland is hosting this week’s tournament.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 13, 2025

Nationals Take HS Star Willits No. 1 in MLB Draft, Eye Potential..

Washington shocks observers by selecting a 17-year-old high schooler.
July 13, 2025

Chelsea Wins $110M in FIFA’s Revamped $1B Club World Cup

Chelsea defeated Paris Saint-Germain in Sunday’s final match.
July 13, 2025

Bill Ackman to Give $10M to Tennis Hall of Fame After Tournament..

Ackman defended the decision and closed with a challenge to Andy Roddick.
July 13, 2025

Sinner Outduels Alcaraz for First Wimbledon Title and $4M Payday

The best two players in men’s tennis battled once again.