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.
Tag:
Bankruptcy
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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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Without offering an explanation, cash-strapped Caf has removed a valid proposal from the Zambian FA to cut costs. The reason why is closely related to Gianni Infantino’s fight for re-election.