Both football giants, Barcelona, and Manchester City have announced a walkout from their respective short-term crypto partnerships, in lieu of potential commercial disasters. According to The Hindu Business Line, Barcelona detached itself from possible market exposure in a negative light because of the partner\u2019s involvement in a crypto fraud. Meanwhile, Manchester City withdrew due to the lack of the company\u2019s digital footprint, leaving the company\u2019s status to be maliciously unclear, posing a potential future threat to Machester City. Barcelona Crypto Partners\u2019 Fraud Barcelona suspended its crypto partnership with Ownix after Moshe Hogeg, a businessman who was linked with Ownix, was revealed as one of the detained suspects in a crypto fraud. Earlier this month, Barcelona had announced the launch of its NFT collection commemorating the team\u2019s history, in collaboration with Ownix. However, this short-term partnership turned out to be rather short-lived. \u201cIn light of information received today that goes against the club\u2019s values\u2026FC Barcelona hereby communicate the cancellation of the contract to create and market NFT digital assets with Ownix with immediate effect.\u201d, according to the Catalan club\u2019s announcement. Manchester City\u2019s Ambiguous Crypto Partner In the case of Manchester City, the football club withdrew from its crypto partnership with 3Key Technologies after the unveiling of the company\u2019s and its executives\u2019 limited digital footprint. A partnership that was announced just a week ago, was suspended because of the ambiguous status of the company. While Manchester City was seeking 3Key Technologies to become an \u201cofficial regional partner\u201d in \u201cdecentralized finance trading analysis and advisory technology\u201d, however, the company\u2019s geographical location was never determined. Despite Manchester City\u2019s history of conducting \u201cdue diligence in respect of all of its partnerships\u201d, it has never expected to be in a situation like this. \u201cPrompted by the club\u2019s interactions with 3Key Technologies in recent days\u2026Manchester City is now conducting further enquiries regarding 3Key Technologies and the partnership has been suspended pending satisfactory resolution to all of those enquiries.\u201d City said that its sponsorship had \u201cnot been activated in respect of any specific products or services in any part of the world.\u201d The post Here\u2019s Why these Leading Football Clubs Withdrew from their Crypto Partnerships appeared first on Coingape.