In news that brings the sports industry into the untapped world of cryptocurrencies, Paris Saint-German has revealed that the financial package of its latest signing, Lionel Messi, will include the $PSG fan token.
Reuters first revealed this detail, citing an unnamed source close to the matter on Thursday. Later in the day, the club, in an official statement, confirmed the development.
According to the statement by the Qatar-owned French club, the wage deal agreed with Messi, a six-time world footballer of the year and Argentine soccer star, includes the cryptocurrency “$PSG Fan Tokens”.
“This initiative positions Paris St Germain once more as one of the most innovative and avant-garde brands in the sport globally”, the club’s statement read in part.
Unsurprisingly, following the announcement that Messi is joining the club, the fan token named “PSG\USD” launched by the club resumed its uptrend, jumping by 10.57 per cent to hit an intraday day record of $41.90.
This upside is coming on the backdrop of the 40 per cent bearish correction recorded by the token when it reached an all-time high of $61.53 achieved on Tuesday when the speculation that Messi would sign a multi-year contract with Paris Saint-Germain first hit the wind.