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Southampton players to be paid bonuses in Bitcoin?

Southampton players to be paid bonuses in Bitcoin?
© Reuters
Southampton sign a new sponsorship deal with Coingaming Group, and will reportedly be able to receive performance-related bonuses in the form of Bitcoin.

Southampton have signed a new sponsorship deal with Coingaming Group, and reportedly can receive performance-related bonuses in the form of Bitcoin.

The cryptocurrency was launched in 2009 and has more than doubled in price this year, with Bitcoin believed to have the power to eventually replace sterling.

Bitcoin has been used in the football industry before now as clubs including Tottenham Hotspur and Southampton have set up digital wallets with an online trading platform.

According to the Daily Mail, the deal was concluded last weekend and it is understood that the sponsorship agreement could be the biggest in Southampton's history.

David Thomas, the chief commercial officer at St Mary's 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."

Ralph Hasenhuttl's side currently sit 14th in the Premier League, with an FA Cup semi-final to look forward to on Sunday.

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Southampton manager Ralph Hasenhuttl pictured on March 1, 2021
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TeamPWDLFAGDPTS
CManchester CityMan City35255572264680
2Manchester UnitedMan Utd352010568383070
3Leicester CityLeicester362061065442166
4Chelsea361810855332264
5West Ham UnitedWest Ham351771155451058
6Liverpool34169957391857
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12Wolverhampton WanderersWolves35129143547-1245
13Crystal Palace35118163759-2241
14Southampton35117174462-1840
15Burnley35109163347-1439
16Newcastle UnitedNewcastle35109164058-1839
17Brighton & Hove AlbionBrighton35813143641-537
RFulham35512182547-2227
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RSheffield UnitedSheff Utd3552281862-4417

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