That’s the question some of the world’s top sporting stars are considering now. And some are saying “Yes, sign me up”.
While still regarded as niche and undoubtedly bringing additional risks, the soaring demand for and value of digital currencies offers an attractive proposition for elite sports stars, many of whom are focused on growing their earnings sufficiently to sustain their lifestyle after their top flight playing careers are over.
Sports clubs, too, are looking at cryptocurrencies and digital ‘tokens’ – known as NFTs. Last month, Bradford City FC reportedly rejected an offer from a group of American investors to purchase the club. The offer relied on NFTs as the significant funding source.
A small Turkish club completed the first transfer of a player using Bitcoin in 2018 and, in November last year, Australian basketball league side Perth Heat claimed to have become the first professional sports team to fully adopt bitcoin and offer to pay players their…
