A $27 Million Partnership Deal between Manchester United and Tezos (XTZ) creates a Price Spike in Tezos against the Flat General Market Trend

Synopsis

“The English Premier League Giant and the world’s most popular Football Team, Manchester United is set to announce its $27 Million per YYear Partnership deal with the Tezos (XTZ) blockchain and the price of the native token of the blockchain has already risen by 28.26% in the last 7 days as the rumors floated about the same in the market.”

Manchester United, the world’s most popular football club and an EPL giant has taken the blockchain path with the yet to be announced $27 Million deal with the Proof-of-Stake blockchain Tezos (XTZ). The deal will be a Multiyear training kit sponsorship deal worth over $27 Million per year. The deal will allow Tezos to put its logo on the team’s training uniform. Manchester United has reportedly finalized the filming of the promotions regarding the partnership before the official announcement.

This deal is speculated not to be limited to the training equipment deal; rather it can be a futuristic deal for the plans of Manchester United to enter into the Metaverse, Web3 and NFT space. This can be an extremely important partnership as far as sports and the blockchain amalgamation is concerned. Tezos has been tapping heavily into the sports category as back in May 2021 Redbull Racing announced Tezos as its official blockchain partner and was entrusted to build its first NFT based fan experience that it accomplished back in November 2021.

As soon as the rumors of the partnership floated in the market, the price of XTZ, the native token of Tezos rose by almost 28% in the last 7 days against the flat market trend at the moment. The official announcement might soar the price even higher. At the time of writing XTZ is exchanging hands at $3.81 with a market cap of $330 Million and ranked at 39 on the list of top cryptocurrencies by market cap.