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AFA-Binance deal announcement sparks Chiliz legal claim

Lionel Messi of Argentina (Photo by Marcelo Endelli/Getty Images)

The Argentinian Football Association has signed up blockchain company Binance to its sponsorship portfolio, but the five-year deal has provoked claims of a breach of contract from rival blockchain provider Chiliz regarding an existing agreement between the federation and its Socios.com platform. 

Under Binance’s deal, the company has acquired the naming rights to the country’s flagship professional league, as well as becoming the 'Official Fan Token of the AFA'.

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