Football Star Lionel Messi Is Being Partly Paid In Cryptocurrency By PSG
The development has made several crypto investors take interest in $PSG tokens which were released only a year ago as a way to build a new PSG fan community.
Lionel Messi¡¯s departure from Barcelona was surely heartbreaking to see, however, soon after Messi announced that he¡¯d be joining hands with French soccer club Paris Saint-Germain (PSG).
Reuters
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Messi made the move to join PSG as a free agent after Barcelona acknowledged they couldn¡¯t afford to renew the player¡¯s five-year contract agreement.
The new agreement with PSG will reward him with an annual salary of around $41 million (plus bonuses) as well as a signing on fee of $30 million. However, some part of Messi¡¯s agreement includes cryptocurrency.
Reported first by CNBC, this is according to PSG who made this revelation on Thursday, stating that Messi¡¯s ¡®Welcome package¡¯ includes cryptocurrency in the form of $PSG Fan Tokens.
The development has made several crypto investors take interest in $PSG tokens which were released only a year ago as a way to build a new PSG fan community.
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Announcing this move, PSG stated, ¡°The inclusion of the $PSG Fan Tokens in the player¡¯s welcome package instantly ties him with millions of Paris Saint-Germain fans around the world. The move further positions Paris Saint-Germain as one of the most innovative and avant-garde sports franchises in the world.¡±
Reuters
After Messi got linked to the club, the value of the cryptocurrency skyrocketed, spiking more than double at $50.847.
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Marc Armstrong, Chief Partnerships Officer of Paris Saint-Germain said: ¡°Fully embracing Socios.com and $PSG Fan Tokens has proved a massive success for the Club. We have been able to engage with a new global audience, creating a significant digital revenue stream.¡±
PSG isn¡¯t the only football team to have a fan-based cryptocurrency. England¡¯s Manchester City team has a fan token of their own that¡¯s called $CITY.
