By Pranav Shahaney

4th May, 2022 | 12:10pm

Rangers amid sponsorship chaos as Sportemon Go release statement

Sportemon Go, an NFTs and crypto company that had sponsorship deals with Rangers, have announced that they have ceased trading.

They have appeared on the back of the jerseys since October after they signed a two-year deal with the club.

However, per the Athletic, their social media accounts disappeared on Sunday evening, only for them to return and issue a statement.

They said, “The SGOX Token has ceased trading” and “the Team, Athletes and other (intellectual property) are currently being removed or deleted, as we finalise amicable termination agreements.

“The community voted unanimously to redeem SGOX for L1TF (Liberty One Treasury Fund, another form of cryptocurrency) tokens. Also note the Team, Athletes and other IP (intellectual property) are currently being removed or deleted, as we finalise amicable termination agreements.”

Shame

The internet that’s full of scams and shady dealers and Rangers have become embroiled in the middle of it.

While we do not know the extent of this announcement and the impact it will have on the club, it certainly is not a good look.

Clubs have always been urged to be careful with whom they get into business with.

They should have seen this coming from a mile away and unfortunately, they failed to do anything about it.

The Rangers NFTs page on the website of Sportemon Go still remains live so that’s another thing that must be considered.

Hibs, who had also partnered with the company, are now looking to distance themselves.

It will be a major surprise if Gers do not follow suit as well as it seems the right thing to do.

In other Rangers news, the club are ‘not convinced’ by a key first-team player and an early termination of his contract is extremely likely.