Overview
- The National Crime Agency has a Proceeds of Crime Act freezing order on $13.6 million in a Barclays account in the name of the Premier League to stop the funds being dissipated while an investigation continues.
- News reports say the frozen sum was the opening payment connected to a multi‑year sponsorship with Sorare, though the Premier League is not accused of wrongdoing and is asking a court to vary the order.
- Sorare denies it is under NCA investigation and says the frozen account does not belong to the company, while its CEO has publicly pushed back on early press accounts.
- Separately, the U.K. Gambling Commission charged Sorare in 2024 with offering gambling facilities without a licence and the trial is scheduled for June 2027.
- Regulators have warned clubs about deals with unauthorised crypto firms, a concern that raises reputational and legal risk for clubs, could affect future sponsorships, and puts fan protection at the center of ongoing reviews.