Crypto.com backs
out of $495M Deal with UEFA

After the Champions League dropped the Russian state-owned

energy company Gazprom, the cryptocurrency 

exchange reportedly stepped in as a potential sponsor.

According to reports, the $500 million sponsorship deal 

between Crypto.com and the Union of European Football Associations'

Champions League has been terminated. 

SportsBusiness reported on Wednesday that

Crypto.com withdrew from a $495 million agreement with the

Union of European Football Associations, or UEFA, just before it

was approved, citing legal issues with the exchange's 

licenses in the UK, France, and Italy.

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