Football News

Manchester City suspend 3Key partnership

City to conduct further inquiries into the validity of the company.

 

Just days after signing a new partnership with cryptocurrency start-up company 3Key, Manchester City have suspended their deal with the firm. 3Key was onboarded by City as their Official Regional Partner in Decentralised Finance Trading Analysis earlier this week.

When the partnership was announced, 3Key’s founder, Oliver Chen, had stated that the company was in a start-up phase with a product due to launch in the coming months, and that the partnership with City would be in regions outside the UK.

However, due to lack of online presence and given the individuals who were identified as 3Key executives do not have any digital footprint, along with the fact that the company’s website contained no contact details, registered office or company number and the two websites associated with 3Key were offline, City have decided to suspend their partnership with the firm.

 

A club spokesperson stated:

Manchester City conducts due diligence in respect of all of its partnerships.

Manchester City’s partnership with 3Key Technologies has been announced but has not been activated in respect of any specific products or services in any part of the world.

Prompted by the club’s interactions with 3Key Technologies in recent days, Manchester City is now conducting further enquiries regarding 3Key Technologies and the partnership has been suspended pending satisfactory resolution to all of those inquiries.

 

Investigative reporter Martin Calladine had previously verified a letter sent by Manchester City, which stated that Oliver Chen was the owner of 3Key and the firm was based out of The Seychelles. The letter, though, contained no information about the company’s contact or other details that could verify the company.

 

Aditya Chaudhuri

Hailing from the City of Joy, the things that bring me joy are cricket, a good non-tilt CS:GO session, F1 and movies.

Recent Posts

Is It Time For Red Bull Racing To Give Sergio Pérez The Axe?

In June 2024, Sergio Pérez  committed to a new two-year extension deal with the reigning…

18 hours ago

F1 Las Vegas Grand Prix 2024 Qualifying Review: George Russell takes stunning pole in Las Vegas

Red Bull struggling again as Mercedes step up in Las Vegas It was Mercedes' George…

18 hours ago

UFC partners with Drip Water

Multi-year deal signed The Ultimate Fighting Championship (UFC) has announced a new multi-year partnership agreement…

1 day ago

Williams Racing extends Duracell deal

Multi-year extension announced British Formula One team Williams Racing have announced a multi-year extension of…

2 days ago

Juan Mata invests in San Diego FC

Spanish footballer Juan Mata has been revealed as an investor in new Major League Soccer…

2 days ago

NBA extends Warner Bros. Discovery partnership

Long-term extension announced The National Basketball Association (NBA) has announced a new 11-year partnership extension…

2 days ago