WPL franchisees are not permit to associate with bitcoin or blockchain branding. The Women’s Premier League is set to begin on March 4.
The BCCI prohibited all five WPL franchises from affiliating with any cryptocurrency or blockchain branding during the initial WPL 2023 season.
The BCCI stated that teams associating in any way with fantasy sports platforms will be unaffected. But only provide there is no participation of any kind of gaming, betting, cryptocurrency, real money, or tobacco sectors.
The BCCI direct all WPL franchises to submit copies of all commercial agreements. Ten days before the start of the competition.
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The BCCI refer to this as a Commercial Workbook since its fully describe.
“The franchisees shall give comprehensive information of the rights and perks that will be employ by their sponsors not less than 10 days before the start of the season. As per the franchise commercial deliverables sheet, which will be supply by the BCCI. ” According to the statement.
Furthermore, strong instructions in the lengthy 68-page advise sternly requested that WPL franchisees. Preserve the integrity of the statement with complete honesty and also apply it to the utmost. Failure to which will result in the undertaking of harsh action.
“No Franchisee shall enter into a partnership or any other type of affiliation. With an entity that is in any way connect/related to a company that is involve/operates in the cryptocurrency industry either directly or indirectly. As a result, any contractual agreement with any blockchain service provider. Fan tokens, or collectibles that are directly or indirectly related to the cryptocurrency industry are prohibit under the WPL. These rules are part of the WPL regulations, and any violations will be dealt with in accordance with the terms of Section 6 of the Operational Rules. Any violations of the Clothing and Equipment Regulations shall be dealt with in accordance with the Disciplinary procedure. ” According to the BCCI.
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