Blockchain platform Tezos is preparing to become the new sponsor of the British giant football club Manchester United, nicknamed "Red Devils", according to the news reported by The Athletic.

It is claimed that the agreement, which is reflected in the news as 20 million pounds per year, will cover more than one year. The English club had previously had a sponsorship deal with insurance company Aon for 8 years worth £120m. After this deal expired, the club team continued on its way without a training sponsor.

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It was reported that Manchester United met with several Blockchain companies and finally decided on Tezos. According to the latest situation, the Tezos logo will appear on Manchester United training jerseys. On the other hand, the agreement, which is seen as a jersey sponsorship, could expand with the well-established English club's activities in the blockchain space, and especially in the Metaverse. According to the news of The Athletic, the agreement was signed and the football club made its promotional products ready.

This agreement is not the first collaboration of Tezos with the sports world. In May, Tezos formed a partnership with Red Bull Racing Honda to launch NFT. The blockchain platform has also signed a sponsorship deal with McClaren Racing in Formula 1, Indycar and Esports. Last month, French esports organization Team Vitaliy launched its sponsorship with Tezos as the biggest deal in European esports history.

The latest situation in Tezos (XTZ) price

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XTZ, which is in the 39th place with a market value of $ 3.39 billion, is changing hands at $ 3.87 with an increase of 2.54 percent today. Tezos (XTZ), after bottoming out at $2.89 on January 28, entered a rapid upward trend, gaining 34 percent in the last week. XTZ has been closing the day on the positive for the last 8 days.