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Southampton Players To Receive 'Bitcoin Bonuses' After 'Biggest Sponsorship Agreement' In Club's History

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Southampton Players To Receive 'Bitcoin Bonuses' After 'Biggest Sponsorship Agreement' In Club's History

Southampton players will reportedly have the option to be paid bonuses in Bitcoin as part of a new sponsorship agreement.

The Saints have struck a a three-year deal with Coingaming Group, following on from a one-year term with the company to have Sportsbet.io, one of their brands, on the front of their shirts in 2020/21.

The deal with is said be worth £7.5 million a year, making it the most lucrative sponsorship contract in the club's history.

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And as per The Athletic, another key feature of the arrangement means Saints players will be able to be paid performance-related bonuses in Bitcoin.

Image: PA
Image: PA

Achievements such as qualifying for Champions League or winning a domestic trophy could see members of Ralph Hussenhuttl's squad take home a healthy bonus that is paid entirely in the cryptocurrency, which launched in 2019

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David Thomas, Southampton's chief commercial officer, said: "The team at Sportsbet.io have built a successful business by challenging convention and disrupting the market, but in a responsible way, and their approach to our partnership with them has been no different.

"In a short timeframe they've proven to be innovative, forward-thinking and extremely supportive of the club, our fans and the wider community, and we've welcomed the opportunity to develop and promote safe gambling messages together."

It could be a huge peek into the future. The price of Bitcoin reached a record of $62,575 (£45,511) on Tuesday morning as the the computer code currency continues to grow.

In January of this year, David Barral, former Real Madrid B and Levante striker, became the first-ever player to be purchased using Bitcoin.

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He signed for Segunda B side DUX Internacional de Madrid in the history-making deal.

Cryptocurrency is currently making strides in football and 24 elite teams have started to use crypto tokens.

Manchester City joined Barcelona, Atletico Madrid and Paris Saint-Germain in adopting the virtual payment method, while Cristiano Ronaldo was recently given 770 Fan Tokens to mark his career goals tally.

Topics: Football, Southampton

Josh Lawless
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