Lionel Messi is a wizard with the ball. Sorry to get Ronaldo fans angry, but Messi is the greatest player to ever touch the soccer pitch, although Ronaldo knows what he’s doing with Coca-Cola bottles. Messi has amassed one of the greatest club careers known to man with FC Barcelona, the famed Catalan club. In his 17 seasons with the senior club, he scored 474 goals and assisted 193 others, becoming the best goal creator, dribbler, passer, and free-kick taker of this era. Unfortunately, last week it was reported that Barcelona could no longer afford to pay Messi’s contract due to financial struggles, which forced him to leave the club in tears and sign with French giant Paris-Saint-Germain, a day that shocked many.
Considering this is a finance article, you would expect me to quit talking about soccer and instead talk about Barcelona’s money situation. I will stop talking about soccer, but Barcelona’s financial fiasco isn’t the only interesting thing going on.
Back in January of 2020, PSG partnered with technology company Socios.com to create a fan token with no intention of creating an investing vehicle. The token was viewed to build a fan community through the crypto space, where holders could interact with the club and gamify the fan experience. Since then, PSG has signed stars such as Sergio Ramos and Gianluigi Donnarumma, but the token didn’t move much as it isn’t an investment vehicle. However, Messi Magic struck once again, with his transfer to PSG causing the fan token to double in value, the first time anything like this has occurred in sports. People went on a buying frenzy, and it shows the future these fan tokens can hold in the sports industry throughout the world. What do you think about these fan tokens? Also, I gave my opinion, so here’s my question to you: Who’s better, Messi or Ronaldo?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.