Crypto.com Backtracks on $495B UEFA Champions League Sponsorship Deal

Prolific sports investor and crypto firm Crypto.com has reneged on a $500 billion sponsorship contract with the UEFA Champions league. Crypto.com had previously stepped up as an investor when the Union of European Football Association (UEFA) dropped its principal sponsor, Gazprom. At the time, UEFA had cited Gazprom's affiliation with Russia as its reason for the drop. Consequently, Crypto.com stepped up to bag in a deal that would last 5 seasons. The supposed contract would cost approximately $100 million annually…