Messi will receive around 25 to 30 million euros worth of Fan Tokens as part of his Welcome Package at PSG. Fan tokens are increasingly being adopted by football clubs across Europe.
Lionel Messi will get this money in crypto
In a move that shook the football world, Barcelona legend Lionel Messi has tied up with Paris Saint-Germain to don the jersey of a different club for the first time in his career. It is now being reported that a portion of Messi’s fee at PSG will be given in the form of cryptocurrency. This “significant” amount will be paid to Macy’s in the form of Fan Tokens, a type of NFT (Non-Fungible Token) that is a digital asset only.
Fan tokens are now sold by many football clubs throughout European countries. Interested people can buy these tokens using real money. Those who hold fan tokens can have access to some exclusive content and can also vote on certain club decisions. There are many teams that have launched their fan tokens till date. Some include Arsenal, Manchester City, Barcelona, Juventus and PSG. The token is being seen by the clubs as an investment that is creating a new source of revenue for them.
For example, the transfer to Macy’s has started generating revenue for PSG through tokens. According to a Reuters report, the price of PSG’s fan token increased this week with Messi’s deal. PSG reportedly generated around EUR 30 million through new sales and according to Reuters “that amount is worth at least EUR 15 million”.
Lionel Messi’s new non-fungible token at PSG will extend this use case to the player’s salary. As confirmed by the club, Messi’s “welcome package” partly consists of fan tokens. Although the exact amount has not been disclosed by the club, it acknowledged that the amount is “significant”. Media reports have estimated it at 25 to 30 million euros (Rs 218 crore to Rs 261 crore).
It should be noted that FAN tokens have their own associated values, which fluctuate with their performance on exchanges, such as Bitcoin, Ethereum or even Stocks. Thus digital assets carry some risk for the investors and should be chosen judiciously.
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