A Manchester City sponsor fined almost 500 million euros

After being found guilty of 114 charges of financial irregularities between the 2009-10 and 2017-18 seasons and awaiting a sanction that could be historic, the Manchester City suffered another setback after it was learned that one of its sponsors, the cryptocurrency exchange platform OKXwhich appears on their training shirts, has been fined £400 million (471 million euros) after violating anti-money laundering laws in the United States.

This is how he revealed it ‘The Sun’which revealed that a New York court imposed this fine on OKX, led by Chinese billionaire Mingxing “Star” Xu, after concluding that it facilitated suspicious transactions and various income linked to crimeswith a value that exceeded 5,000 million dollars.

The British newspaper also reported that OKX, one of the sponsors of the ‘citizens’ from 2022has been the subject of several investigations in other countries, including China, South Korea, Thailand and the Netherlands, and which also had to face a fine of more than £700,000 for operating illegally in Canada.

This Sunday, the City will play his first match after learning of guilt for financial irregularities, against Liverpool at Anfield (5:30 p.m.)where according to ‘The Sun’, he planned to wear the OKX logo on the sleeve of his t-shirts.