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    Southampton have option to be paid bonuses in Bitcoin after landing historic £7.5m-a-year sponsorship deal

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    SOUTHAMPTON have the option to be paid bonuses in Bitcoin after landing their biggest-ever sponsorship deal.The South Coast club announced a three-year extension of their partnership with the Coingaming Group on Thursday.
    Southampton have the option to be paid bonuses in Bitcoin as part of their new sponsorship dealCredit: Getty
    Fresh terms are believed to be worth more than £7.5million a year.
    And it will see the cryptocurrency company’s gambling arm Sportsbet.io continue as that club’s shirt sponsors.
    That fee will be paid in sterling cash but Southampton can choose payment for certain performance-based bonuses – such as if they qualify for Europe – to be in Bitcoin at the end of each season.
    A club statement read: “Southamptonis pleased to announce it has agreed to extend its partnership with the Coingaming Group as Main Club Partner for a further three years in a deal that will see their brand, Sportsbet.io continue as the club’s front-of-shirt sponsor.
    “The deal is the biggest sponsorship agreement in the club’s history and also includes the option for the club to be paid certain performance-based bonuses in Bitcoin at the end of each season…
    “[That allows’ the club the opportunity to take advantage of the new, high-growth currency if it feels it will bring significant future benefits.”This partnership will allow Sportsbet.io to continue to build on the strong relationship it has built with the club and its supporters in the last year.”
    Southampton’s chief commercial officer, David Thomas, added: “The team at Sportsbet.io have built a successful business by challenging convention and disrupting the market, but in a responsible way.
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    “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.
    “We’ve welcomed the opportunity to develop and promote safe gambling messages together.
    “As such they have become valued partners and we look forward to the next chapter together”
    CEO of the Coingaming Group, Maarja Part, said: “Our first season as Southampton’s Main Club Partner has already exceeded all expectations.
    “We’ve been inspired by the passion of the club and its fans, and it was an easy decision for us to extend our partnership with the Saints for another three years.
    “From the beginning, Southampton have been a perfect match for the fun, fast and fair way we do things at Sportsbet.io.
    “We can’t wait to continue this journey with the Saints, and we’ll be doing everything we can to support the team and its community into the future.”
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      Ex-Real Madrid ace David Barral makes transfer history after becoming first player to move with BITCOIN used as payment

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      FORMER Real Madrid striker David Barral has become the first footballer to be transferred for BITCOIN.
      The 37-year-old has joined Segunda B side DUX Internacional de Madrid.

      David Barral’s move to Segunda B side DUX Internacional de Madrid has been funded by cryptocurrency

      The deal to bring him to the Spanish side, also known as Inter Madrid, has been funded entirely with cryptocurrency.
      It is believed to be the first time a professional football club has used this means of payment.
      The club, who count Real Madrid star Thibault Courtois as one of its owners, shared news of the 37-year-old’s signing on Twitter.
      They wrote: “David Barral new player of DUX Internacional de Madrid, welcome to the infinite club!

      “He becomes the first signing in history in cryptocurrencies. Thanks to Criptan, our new sponsor, for making it possible.”
      Barral also tweeted: “Glad to join the project of @interdemadrid with eager ambition and responsibility to continue competing and achieve important challenges in my sports career.”
      Barral failed to make it to the senior set up with Real Madrid, making over 50 appearances for the B side.
      He then went on to play for Sporting Gijon, Levante and Racing Santander before making this historical move.

      Real Madrid keeper Thibault Courtois is one of the owners of DUX Internacional de MadridCredit: AP:Associated Press

      WHAT IS BITCOIN?

      All you need to know…

      Bitcoin became the world’s first entirely virtual currency when it was introduced in January 2009.
      Users cannot carry coins or notes and its value appears only as a number on a screen.
      It was created by a shadowy online account which went by the name Satoshi Nakamoto.
      New currency is created via a complex online process called mining which uses supercomputers to create new Bitcoins using complex computer code.
      Bitcoins aren’t printed, like pounds, dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world.
      It was the first example of a growing category of money known as cryptocurrency.

      SunSport reported in the summer how Courtois bought a slice of Inter de Madrid – meaning the Spanish third tier club changed their name.
      Real Madrid’s ex-Chelsea keeper teamed up with pals through his passion for online gaming.
      Real Betis striker Borja Iglesias and famous Spanish Youtuber DJ Mariio joined Courtois in the venture.
      The kit and badge changed, although English businessman Stephen Newman continued as chairman.
      A club statement at the time read: “As partners of DUX Gaming they will use their experience in the world of sport to advise both the professional football club and the eSports team”.

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