Finance guru salutes Man City after ‘substantial’ upgraded deal announced
The new Man City deal with cryptocurrency firm OKX represents a “substantial” upgrade on their previous crypto tie-in with 3Key.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about City’s ventures into the crypto sphere.
The reigning Premier League champions announced a global partnership with OKX last Friday (4 March).
City were forced to terminate their last crypto partnership with 3Key in January because of major concerns over the company’s legitimacy.
Plumley told this site at the time that he was “baffled” that City appeared to have skipped over adequate background checks.
But he insists that the new deal with OKX is already showing more transparency than its predecessor.
“We’ve already seen quotes from people involved in the company itself,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“That is important. I think that shows they are already going for greater transparency with this one.
“There is always another deal to be had in the commercial world of football. There haven’t been too many battle scars from the 3Key deal.
“I was very surprised at the time that the club didn’t do the due diligence that was required of them.
“This deal seems to be a lot more substantial than the previous one and shows there’s a lot of growth in this space as well.“
City posted a £4.8million profit in their most recent set of accounts.
The club have also announced their intention to expand into the Metaverse with a virtual reality reconstruction of the Etihad.
In other news, pundit slams Man United star Aaron Wan Bissaka “exposed” by Man City duo.