eToro announced it is extending its partnership with AS Monaco for the 2022-23 season to help the company increases its presence in Europe.
One of the leading trading platforms, eToro, has announced the extension of its contract with AS Monaco football club. This partnership will help the company increase its presence in the European region.
In June last year, eToro became the main sponsor of AS Monaco, where with the extension, eToro will support the club for the 2022-23 European campaign.
This is not the first time eToro has collaborated with a sports club. Previously, the ASIC-regulated broker had sponsored several professional teams, such as Aston Villa, Newcastle United, and Southampton FC. Even in September last year, eToro joined hands with Arsenal to expand its global sports sponsorship portfolio.
"We are delighted to continue to deepen our ties with eToro, an innovative and daring company, which, like AS Monaco, is constantly venturing into new territory. By intensifying this partnership, eToro is asserting itself more than ever as our preferred partner and confirms the growing attractiveness of AS Monaco. The progress made since the beginning of our common adventure in 2020 is significant," Jean-Emmanuel de Witt, the CEO of AS Monaco, commented.
Valérie Kalifa, Marketing Director of eToro in France commented that the extension of this partnership is another important step in the company's collaboration with AS Monaco in Europe. eToro sees this new opportunity as a way to make all fans across Europe aware of online investing.
On the other hand, in November 2021, eToro signed a sports sponsorship deal with Lechia Gdansk, a Polish football club. In addition to football clubs, eToro also partners with some of the leading sports giants, including Rugby Australia and the Racing League.