Premier League’s Manchester City has announced that it is offering Openda, a leading global platform for sports betting, for a whopping 60 million euros (approximately $69 million). This news comes as a surprise to many, as the value of Openda has been rising steadily over the years.
The move by Manchester City marks another step towards expanding its online presence and providing customers with more options when it comes to sports betting. However, despite the excitement surrounding this move, there have been concerns raised about how well it will perform on the market.
One concern is that Openda may struggle to compete with other platforms that offer similar features, such as Betfair or bet365. Another concern is that Manchester City may not be able to secure enough funding to make the purchase, which could result in a sale at a lower price than expected.
Despite these concerns, Manchester City remains optimistic about the potential of Openda and believes that it can provide customers with a wide range of sports betting options. The company has already launched several new features in recent months, including a mobile app and a loyalty program, and hopes that these additions will help attract new customers.
Overall, while there are some concerns about the success of the move by Manchester City, the company remains confident that Openda will continue to grow and become a popular choice for punters.