English Premier League in talks with clubs on Sorare’s NFT deal: report

The English Premier League’s official website

The English Premier League – England’s top men’s soccer league – is holding talks with its 20 clubs on a proposed NFT project worth about £30million (around US$35 million) a year, according to British broadcaster Sky News. 

The proposal involves a multi-year contract to be signed with Paris-based tech company Sorare, Sky News reported on October 27. Sorare develops a fantasy soccer league trading card game where players can buy, sell and trade NFT player cards to build a team.

The project is understood to feature static images of soccer players such as Tottenham Hotspur’s Harry Kane and Manchester City’s Erling Haaland. 

Executives from Premier League clubs would meet to discuss the deal on October 28, and it could be formally agreed within weeks, Sky News said.

In March, it was reported that the Premier League came close to signing an NFT deal with another company, ConsenSys. But following a slide in NFT valuations, ConsenSys tried to negotiate a deal at a lower price, which made Sorare’s proposal more attractive, according to Sky News.

The Premier League and Sorare have not commented on the report.