The National Football League Players Association (NFLPA) has been unable to collect $41.8 million of licensing and sponsorship revenue from OneTeam Partners, a joint venture started in 2019 by the NFLPA, the Major League Baseball Players Association and private equity to oversee sports unions’ commercial enterprises. The figure represents roughly a quarter of the NFLPA’s commercial revenue based on an analysis of its annual report. The unpaid bills appear tied to the collapse of the crypto marketplace, which has affected other sports unions and leagues as well. Cryptocurrency is a relatively new category for unions and has not been a relied-upon source of revenue.
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NFL labor union is out almost $42M thanks to crypto collapse
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