Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»WhaleFin is being sued by Atletico Madrid over alleged unpaid sponsorship.
ADOPTION NEWS

WhaleFin is being sued by Atletico Madrid over alleged unpaid sponsorship.

By Crypto FlexsNovember 24, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
WhaleFin is being sued by Atletico Madrid over alleged unpaid sponsorship.
Share
Facebook Twitter LinkedIn Pinterest Email

It has been reported that Atletico Madrid, the Spanish soccer team, is preparing a lawsuit against Whale Finn. cryptocurrency exchange Singapore-based is accused of failing to pay 40 million euros, equivalent to $44 million, in sponsorship money. Prior to the 2022-2023 season, the club signed a five-year contract with WhaleFin. WhaleFin was to be installed as one of the club’s main sponsors. However, Atlético Madrid allege that WhaleFin breached the terms of the contract by failing to pay the amount agreed upon when the deal was signed. Accordingly, the club is demanding 20 million euros in compensation, equivalent to 22 million dollars.

Challenges facing WhaleFin’s financial situation

Claims from December 2022 showed that WhaleFin, owned by Amber Group, was experiencing financial problems. This lawsuit was filed in response to those claims. Just seven months after the three-year sponsorship contract between Whalefin and Chelsea, an English Premier League team, was finalized, it has been reported that Whalefin has decided to terminate the contract. The termination of WhaleFin and the following legal action taken against the company by Atletico Madrid both indicate that the company is experiencing greater financial difficulties.

Influence on Atletico Madrid and sponsorship in the sports industry

WhaleFin’s early termination of its sponsorship contract was the root cause of this legal issue. Due to this hasty choice, Atletico Madrid had the potential to suffer not only financial losses but also reputational damage. The football club expected to receive a large profit from this contract, which was intended to contribute to the club’s existing operations as well as future development (investment). Due to the termination of the contract, Atletico Madrid now face a precarious financial situation and must look into alternative sources of income. The club is concerned about the possible ramifications for its brand image, given its reputation within the industry for professionalism and reliability. This is in addition to the financial impact the club will experience. The conclusion of this legal battle is expected to establish a precedent for future contracts and connections between soccer teams and cryptocurrency sponsors, which will impact the dynamics of sports sponsorship deals around the world.

The lawsuit filed by Atlético Madrid against WhaleFin over unfulfilled sponsorship contracts worth €40 million is a significant event in the world of sports sponsorship. This highlights the possible risks associated with the relationship between Bitcoin exchanges and exchanges associated with sports organizations. This particular case is likely to be widely monitored as it is likely to have implications for the future landscape of these types of sponsorship agreements, particularly with regard to the reliability of contractual obligations and the stability of financial resources.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The best Solana depin project to form the future -Part 2

September 8, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Expect what XRP ETF is approved by the SEC

September 9, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025

Earn $60,000 USD Per Day And Withdraw Cash At Any Time

September 9, 2025

House Of Doge And Bitstamp By Robinhood Announce Strategic Partnership For NYSE:ZONE Treasury

September 9, 2025

SKY bids to publish a USDH Stablecoin of Hyper Clicade

September 9, 2025

Dogecoin Is Rising! Use Dogecoin (DOGE) To Start A Bitcoin Mining Rig And Earn $5,000 A Day.

September 9, 2025

Bybit’s WSOT Achieves New GUINNESS WORLD RECORDS™ Title With Highest Number Of Online Trading Participants In A Day

September 8, 2025

Airdrop Points Stage 2 Live, TGE Countdown Begins

September 8, 2025

XRP Trader Earns $5,800 A Day, PlanMining Shows You

September 8, 2025

MEXC Lists Openledger (OPEN) With $90,000 In OPEN And 15,000 USDT Airdrop+ Event

September 8, 2025

Bybit Resumes Full Access For Indian Users, Reinforces Commitment To Compliance And Crypto Inclusion

September 8, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Expect what XRP ETF is approved by the SEC

September 9, 2025

Bitcoin Price Struggle $ 113K -Will Bulls take a break?

September 9, 2025

Earn $60,000 USD Per Day And Withdraw Cash At Any Time

September 9, 2025
Most Popular

PSG tokens soar after Paris Saint-Germain defeats Barcelona. CITY falls after being eliminated as British champion

April 18, 2024

BNB wants to go above $600, but why can an altcoin fall to $550?

May 5, 2024

Dstream (DST) platform surges

March 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.