Southampton FC (EPL) Will Pay Bonuses To Its Players In Bitcoin

avatar
(Edited)

SouthHampton.png

An English Premier League, Top Tier Football club called SouthamptonFC based in Southampton, Hampshire has signed (extended) a three-year deal with the Coingaming Group under which brand Sportsbet.io remains to be the 'jersey' sponsor. This will enable the club administration to give out bonuses in Bitcoin. All 24 players inside the club are eligible for these 'performance-based' bonus payments.

Let’s put into perspective how bullish this can be for Bitcoin: The Saints’ star striker Danny Ings’ salary makes him about $5.35 million (£3.9 million) per year. If he’s paid a 5 percent bonus, for instance, that would net him about $268,000 (£195,000) in bitcoin.
Source: www.nasdaq.com

screely1618325796449.png

Source: Saints welcome Sportsbet.io as Main Club Partner

When this happens, a decent amount of Bitcoins will be taken out from the market and hopefully, these players will HODL them strong. Saints’ Chief Commercial Officer – David Thomas & CEO of the Coingaming Group Maarja Pärt are quite happy with the collaboration and in their official press releases, both of them mentioned how this partnership has been fruitful to both the parties. This is also the biggest sponsorship deal done by the club in its lifetime.

(The BTC bonus) allows the club the opportunity to take advantage of the new, high-growth currency if it feels it will bring significant future benefits.
Source: news.bitcoin.com

Last year, Watford F.C. had a Bitcoin logo on their jersey and accepted payments in Bitcoin for the purchase of their merchandise. Premier League clubs have shown interest in this space as an alternative source of revenue and a cool investment source for the players. Pro athletes all over the world are investing in Bitcoin as they understand its worth.

screely1618326008524.png

Source: Bitcoin Community Crowdfunding Campaign by Watford FC

NFL & NBA are also two other sports that are heavily invested in Bitcoin. Sacramento Kings became the first NBA franchise to accept payment in bitcoin in 2014. In 2020, they announced that the players would be eligible to receive salaries in bitcoin. In 2019, Dallas Mavericks used bitcoin to sell their tickets and merchandise who are now thinking to sell 'high-rated' match tickets as NFTs to keep getting royalties. Miami Dolphins, started accepting bitcoin payments during the 2019-20 NFL season.


Sports For Adoption

The sports industry is huge. It is expected to continue to grow & reach a value of $614.1 billion by 2022. Digital betting & gambling has seen explosive growth in the past few years. Fan-based revenue is the biggest source of income for any sport, hence the power of influence of sports celebrities & brands is quite high. Crypto/Blockchain can easily fit here and solve many problems. At the same time, it can be a reliable investment asset.

screely1618335526277.png

Looking at bitcoin's massive success during the past few months, all major sports athletes and clubs are putting their money into it and more projects related to various cryptocurrencies. NFTs are used by teams for the trading of Digital cards and collectibles associated with them. There are numerous crypto use cases that can hugely benefit various sports and their fans. Even though the value of crypto assets is volatile, we can expect a huge adoption wave in the industry in the upcoming years!




https://leofinance.io/@finguru

Twitter.png

https://twitter.com/finguru6


finguru#4062


No financial advice. For infotainment purposes only.

Posted Using LeoFinance Beta



0
0
0.000
13 comments
avatar

Loving the intersection of popular sports and the crypto market. With such wide reach globally, it is the perfect set of ambassadors for mass adoption.

Posted Using LeoFinance Beta

0
0
0.000
avatar

That's correct @rob23. Football's fanbase is huge. This will create a Domino effect and hopefully other clubs will follow! They should start diversifying their revenue streams using crypto & help us with the adoption.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Let's hope we see that become reality. It has the potential, just needs the consistency now

Posted Using LeoFinance Beta

0
0
0.000
avatar

Yepp, consistency is the key here. We should try something like this with Hive. Get a famous athlete or a sports team to invest in the coin and support sports-related content.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Congratulations @finguru! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You published more than 30 posts.
Your next target is to reach 40 posts.
You got more than 500 replies.
Your next target is to reach 600 replies.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
avatar

Are they going to mint these players to real live NFTs? Joking aside, sports and entertainment can definitely boost the popularity of crypto and bring more population to our side.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Haha @lnakuma, not the players but maybe their Dance videos or weird selfies as NFTs. 😂 That'd be so cool.

And yes, you are absolutely right, there are a very few people I know who don't like Sports. I pity them! 🙄

Posted Using LeoFinance Beta

0
0
0.000