Chelsea reportedly loses $25 million crypto sponsorship deal as FTX's collapse hammers other platforms

Dec 9 2022 by Business Insider

 
Chelsea winger Christian Pulisic, whose club reportedly saw its sponsorship from Amber Group terminated Friday.

Getty/Olly Greenwood

Crypto lender Amber will end its $25 million sponsorship of Chelsea soccer club, Bloomberg reported Friday. The move is part of a cost-cutting push at Amber, as FTX's collapse sends crypto companies reeling. FTX's bankruptcy could jeopardize its own deals with the Miami Heat and the Mercedes F1 team.

Signs of stress in the crypto sector continue to emerge, as...

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