In a significant development, the UK's National Crime Agency (NCA) has taken action to freeze over £136 million linked to the Premier League as part of an ongoing investigation into a cryptocurrency sponsorship deal. According to the official information, this move raises questions about the financial dealings within one of the world's most popular sports leagues.
NCA Freezing Order Secured
The NCA secured the freezing order from Westminster Magistrates' Court in January 2025, utilizing the Proceeds of Crime Act. The funds in question are held in a Barclays account under the name of The Football Association Premier League Limited, and the agency's goal is to prevent any potential dissipation of these funds while they investigate possible connections to third-party criminal activities.
First Payment from Sorare
This substantial amount represents the first payment from Sorare, a blockchain-based fantasy sports platform, as part of a four-year sponsorship deal announced in January 2023. The agreement allows Sorare to create and distribute digital player cards for all 20 Premier League clubs, marking a significant intersection of sports and cryptocurrency.
Premier League's Legal Challenge
The Premier League is scheduled to appear in court on Monday to request a modification of the freezing order, which is currently set to last until September 14. Despite this legal challenge, the league's latest financial reports indicate that it maintains reserves exceeding £2 billion, highlighting its robust financial position amidst the ongoing scrutiny.
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