BlockDAG Sponsorship Document Shows Alleged €2 Million Unpaid Invoice from Borussia Dortmund

In the latest BlockDAG news, a new development has raised further questions about the official narrative surrounding BlockDAG Network’s failed sponsorship deal with Borussia Dortmund (BVB). The YouTuber BinanceStuff published what appears to be an official payment demand letter from the club to DAG Systems Limited, the entity tied to BlockDAG. The document outlines an unpaid invoice totaling €2,007,000 and contradicts BlockDAG’s prior statement blaming Germany’s MiCA 2 crypto regulations for the termination. Instead, it points to financial default as the reason for ending the agreement.

You can watch the BinanceStuff video here:

Borussia Dortmund Document Alleges €2 Million Sponsorship Payment Default

According to BinanceStuff, a document dated September 27, 2024, surfaced in BlockDAG’s Telegram community, allegedly showing Borussia Dortmund’s demand for payment sent to DAG Systems Limited. The letter states that the initial invoice was issued on August 23, 2024, with payment required immediately. After receiving no payment, Borussia Dortmund set a final payment deadline for October 15, 2024, before terminating the sponsorship and pursuing damages. The outstanding balance exceeds €2 million.

The letter references DAG Systems Limited’s previous registration in the Seychelles, which was tied to BlockDAG Network’s operations during that period. BinanceStuff noted minor language issues in the document but said it appears consistent with typical legal correspondence. The letter frames the issue as a breach of contract due to non-payment, with Borussia Dortmund warning of potential legal action if the outstanding balance remains unpaid.

Timeline Indicates BlockDAG’s MiCA 2 Excuse Followed Public Exposure of Termination

On November 28, 2024, in response to a direct inquiry made by TheHolyCoins, Borussia Dortmund confirmed the termination of its relationship with BlockDAG Network. Borussia Dortmund clarified that the contractual relationship had been terminated and was in the process of being formally concluded. The club did not share further details, citing ongoing legal procedures. This disclosure followed BlockDAG’s continued promotion of Borussia Dortmund on its website and in marketing materials, despite the partnership having been quietly ended.

BlockDAG’s official statement came later, on December 3, 2024, attributing the breakdown of its Borussia Dortmund sponsorship to Germany’s regulatory environment under MiCA 2. The timing raises questions about the credibility of this claim. The newly surfaced document pointing to alleged payment default provides an alternative explanation more aligned with Borussia Dortmund’s actions and the timeline of events.