Lionel Messi’s move to Paris Saint Germaine has been the talk of the football world this week, and it has now emerged that his contract involves payment with the club’s fan token.
Messi To Receive PSG Fan Token As Part Of His Payment
Lionel Messi moved to PSG earlier this week, and it included a payment in cryptocurrency fan tokens. This is according to an exclusive report by Reuters earlier today, with sources close to the matter revealing the details behind the contract.
According to Reuters, Paris St Germain (PSG) revealed in a statement that the Argentine superstar would receive the club’s fan token as part of his welcome package or signing on fee. The token was developed by Socios.com, the club’s fan token provider.
However, Paris St Germain didn’t reveal the amount of the tokens Messi would receive, but it is speculated to be a huge amount considering his status as one of the finest footballers of all time. PSG also hasn’t disclosed the entire financial package for the former Barcelona star.
PSG’s Fan Token Rallied Following Messi’s Transfer
Fan tokens have become popular in the world of sport. They are a type of cryptocurrency that allows the holders to vote on some minor decisions relating to their clubs. Some of the leading football clubs with fan tokens include Manchester City and AC Milan.
The PSG fan token has performed excellently over the past few days, thanks to Lionel Messi’s move to the football club. It rallied past the $48 mark earlier this week but has cooled down and is now trading around $41 per coin.
The decline in price comes as the broader cryptocurrency market enters a consolidation period after rallying in the past few days. BTC has dropped to the $45k level while Ether is also trading above $3,100. With Lionel Messi now a PSG player, it would be interesting to see how the fan token would perform over the next few months, especially when he starts playing football matches again.