In 2018, according to documents seen by Josimar, the African Football Confederation (Caf) entered a ten year long sponsorship deal worth close to 60 million euro with controversial online bookmaker 1XBet. But Caf is now “re-evaluating” its business relationship with 1XBet, in a move that could cost millions for the cash-strapped confederation.
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1XBet
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The sponsor of Barcelona and Paris Saint-Germain, 1XBet, was declared bankrupt this week. But the bookmaker is still signing new deals with several actors in international football.
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Russian-owned betting company 1XBet has been declared bankrupt and owes millions. Yet it still operates, using porn stars to attract punters, and is a partner of FC Barcelona. It expanded into Ukraine, but was recently banned for its support of Putin’s war machine.
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Betting operator 1XBet, one of football’s biggest and most controversial sponsors, has been declared bankrupt for refusing to pay out to customers and faces losing its licence. At the same time the company is expanding its global operations