The Premier League has been warned by the UK Financial Conduct Authority (FCA) over potential penalties related to clubs' relationships with crypto firms.

The Premier League is facing scrutiny due to concerns regarding some clubs' partnerships with cryptocurrency companies. The UK's Financial Conduct Authority (FCA) has cautioned Premier League clubs about potential penalties they could face for engaging in unlicensed crypto deals. This development poses a threat to the crypto sector's efforts to tap into the lucrative sponsorship market within football.