Lionel Messi to receive part of wages in $PSG fan token after joining French club

  • PSG revealed that Lionel Messi will receive part of his wages in $PSG fan tokens. 
  • In reaction to news of Messi joining the French club, the cryptocurrency began to rise.

French football club Paris Saint-German F.C (PSG) has revealed that its new Argentine soccer star Lionel Messi will receive part of his financial package in $PSG Fan Token. On the 12th of August, PSG confirmed that Messi’s wage package as a new player on the football club would include $PSG Fan Tokens. According to PSG, the move places the French club as “one of the most innovative and avant-garde brands in sport globally.”

Messi’s “welcome package” partly in $PSG 

Popular Argentine football player Messi left Barcelona to join PSG on a two-year deal with £1 million weekly wages. PSG noted that Messi received a big chunk of $PSG Fan Token during the completion of his agreement with the club. The club said that Messi received a portion of the “welcome package” in $PSG fan tokens. 

PSG chief Nasser Al-Khelaifi assured that the club is adhering to the financial fair play guidelines during the press conference where Messi was unveiled as the French club’s newest player. Al-Khelaifi stated:

Regarding the financial aspect, I will make it clear – we know the rules of FFP and we will always follow the regulations. Before we do anything, we check with commercial, financial and legal people. We have the capacity. If we sign Leo, it’s because we can, otherwise we would not have done it.

In addition, the PSG chief said that Messi would bring a lot to the table, referring to him as a “big asset.”

$PSG fan token surges as Messi joins club

Following the news on Messi joining PSG, the club’s fan token began to surge. The cryptocurrency added 10.57 percent, reaching an intraday high of $41.90. Before now, $PSG Fan Token soared to its all-time high on the 10th of August with news that Messi was about to sign a two-year contract with the French club. 

While delivering his farewell speech at FC Barcelona on the 8th of August, Messi hinted that moving to PSG was a possibility for him. He, however, clarified that the deal was not confirmed at the time. Since the public address, the value of a PSG token has been adored by investors. 

At the time of writing, the token has been correcting. The $PSG Fan Token is down 5.74 percent to $40.34. Ranked 317, the cryptocurrency has also lost nearly 49 percent in its 24-hour trading volume. However, $PSG has gained about 114 percent in its market valuation. 

PSG is one of a number of European clubs that have embraced the crypto movement. Other clubs like Inter Milan, Manchester City, Barcelona, Juventus, and others also belong to the movement. PSG announced its partnership with blockchain company Socios.com to allow support to purchase $PSG fan tokens in 2018. After this, the company became the “official branded cryptocurrency partner” of PSG. 

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Bio: Ibukun Ogundare is a crypto writer and researcher who uses non-complex words to educate her audience. Ibukun is excited about writing and always looks forward to bringing more information to the world.

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