The largest crypto “exchange house” broke its contract with the Argentine Football Association in a surprising way. On social networks he communicated the controversial reasons.
The Argentine Football Association and Binancethe blockchain company that owns the world’s largest digital asset exchange, had signed a major commercial agreement in early 2022. However, The link, which in principle was 5 years, was cut prematurely this Monday.
Binancewhich was the Main Global Sponsor of the National Teams, Official Fan Token of AFA and Naming Sponsor of the Professional Soccer League, had promised to pay him US$40 million in total to the AFA for the aforementioned 5 years.
But the link was broken in the last few hours, to everyone’s surprise. Through its social networks, the company itself was in charge of making public the reasons for its separation from the AFA and they will bring a lot of controversy.
The harsh statement:
“Binance has decided to end its association with the AFA (Argentine Football Association). We regularly evaluate the results of our partnerships around the world and unfortunately, despite being offered time and opportunities, the AFA has not fully complied with its contractual obligations, which goes against our business values and partnership principles”he detailed.
“Binance remains committed to growing in Argentina and continues to engage with local partners, including prestigious universities, with the goal of continuing to expand educational efforts and strategic business alliances.”hill.
Source: Ambito
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