Manchester City have suspended their mysterious partnership with a start-up cryptocurrency firm whose executives are not readily found online.
3Key Technologies were announced as an ‘official regional partner is decentralised finance trading analysis’ last week as part of City’s continual commercial drive, with their official website already listing 30 global partners and 19 others in specific regions.
The company are said to be launching a product in the coming months and had signed an agreement with City which would focus on regions away from the United Kingdom.
But those running the business did not appear on relevant internet searches, raising questions over the deal.
City maintained that they had undertaken background checks on 3Key, whose original director Oliver Chen said had been founded in the Seychelle Islands last year.
‘Manchester City conducts due diligence in respect of all of its partnerships,’ a club spokesperson said.
‘Manchester City’s partnership with 3Key Technologies has been announced but has not been activated in respect of any specific products or services in any part of the world.
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‘Prompted by the Club’s interactions with 3Key Technologies in recent days, Manchester City is now conducting further enquiries regarding 3Key Technologies and the partnership has been suspended pending satisfactory resolution to all of those enquiries.’
The club had named Ryan S Hodder as 3Key’s chief marketing officer in their announcement last week.
The company had previously revealed Jacob Caine, Burt Russel and Avaline Smith as involved. None were identifiable by online sleuths. 3Key are yet to comment.