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English soccer clubs warned by FCA over deals with unauthorized firms

BingX logo on Chelsea FC soccer shirt
Crypto exchange BingX is not FCA authorized, but Chelsea FC carries the logo on its shirts. Photo: Marc Atkins/Getty Images

Martin Cloake

2 min read
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Financial regulator moves to address long-standing concerns as clubs struggle for sponsorship.

English soccer clubs have been warned by the FCA not to sign deals with financial firms that are not authorized to operate in the UK. The regulator says clubs are exploiting their fans’ loyalty and putting their money at risk. And it says they could face legal action.

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