Another major sports entity seemingly lost money in the cryptocurrency collapse.
The NFL Players Association reportedly has been unable to collect $41.8 million in revenue from OneTeam Partners, LLC, which the NFLPA disclosed in its annual report to the U.S. Department of Labor, according to"As of Feb. 28, 2023, there is uncertainty surrounding collection of certain accounts receivable from OneTeam Partners, LLC," the union wrote in annual report, per the Athletic."Therefore, an allowance has been recorded as of that date for those amounts.
Though not explicitly stated in the filing, a source told The Athletic that the revenue is likely tied to the organization's endeavors with NFTs, which are basically digital versions of highlights or trading cards which can be bought and sold online.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Should Russia Bolster or Ban Bitcoin?Russia's tug-of-war with bitcoin continues. It’s a classic case of wanting the cake and eating it too. Will they bolster or ban it? An opinion from DanielGKuhn:
Les mer »
The Best News About FriendshipMost of us believe we'd do just about anything for a friend. But how can we be sure? Now, newly uncovered findings from a classic experiment prove how powerful friendship can really be, writes swhitbo
Les mer »
Phoenix Suns Hiring Frank Vogel as Next Head Coach, Per ReportsThe Phoenix Suns reportedly are finalizing a five-year, $31 million deal to make Frank Vogel their next head coach.
Les mer »
Has John Gibson played his final game with the Ducks?The veteran goaltender, whose contract has four years remaining and an average annual value of $6.4 million, is reportedly looking for a change of scenery
Les mer »
Lake Creek dominates Canyon to claim second consecutive state titleLake Creek (44-1) became just the 12th softball team in UIL history to collect...
Les mer »
Report: Informant Alleging a Biden Bribery Scheme Is 'Credible' FBI SourceAn informant alleging a $5 million bribery scheme involving President Joe Biden is reportedly a “highly credible” FBI source with a history dating back to the Obama administration era.
Les mer »