Messi joins crypto craze as gets part of PSG fee in fan tokens – Reuters

Messi joins crypto craze as gets part of PSG fee in fan tokens – Reuters

  • Part of Messi’s signing on fee paid in fan tokens
  • PSG token traded vols topped $1.2 bln in days up to move
  • New sales of PSG tokens raise about 30 mln euros – source

MIAMI, Aug 12 (Reuters) – Soccer star Lionel Messi’s signing on fee at Paris St Germain includes some of the French club’s cryptocurrency fan tokens, in the latest big name endorsement of new digital assets.

The Argentine, 34, left Spanish side Barcelona and signed a two-year contract with Qatari-owned Paris St Germain (PSG), with an option for a third year, on Tuesday.

Confirming an exclusive Reuters report, PSG said on Thursday the tokens were included in his “welcome package,” which media reports have estimated at 25-30 million euros ($29-35 million). The club did not disclose the proportion of tokens in the package, but said the amount was “significant”.

Fan tokens are a type of cryptocurrency that allow holders to vote on mostly minor decisions related to their clubs. Among clubs to launch tokens this year are English Premier League champions Manchester City and Italy’s AC Milan. Messi’s former club Barcelona launched one last year.

The tokens
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