Lionel Messi's departure: the economic impact for Barcelona

Rumors about Lionel Messi's arrival at PSG increased the value of the Parisian currency in a matter of minutes. A photo posted yesterday by the players of the French team gave firmness to Messi's arrival. The reason why the star will not remain in the team is due to economic reasons, mainly linked to financial fair play:

"Despite having reached an agreement between FC Barcelona and Leo Messi and with the clear intention of both parties to sign a new contract today, it cannot be formalized due to economic and structural obstacles (Spanish LaLiga regulations)," says the official club statement. 

Rumors of his departure began a few months ago with the expiration of his contract and doubts about his renewal. Then, with the official confirmation, the values of cryptocurrencies linked to the club were altered. 

Barcelona Cryptocurrency

Fan Tokens are digital assets that represent your ownership of a voting right and give you access to earn exclusive, club-specific rewards and experiences. Fan Tokens, like any cryptocurrency, are fungible, meaning they can be exchanged for other 'goods' such as VIP experiences, free tickets, official merchandise, and more.

This Thursday there was a meeting between the Spanish institution and Messi's representatives in which an agreement was not reached for the player to continue in the Catalan club since a point of conflict would have arisen that caused the negotiations to slow down. While last Monday the Spanish media announced that the agreement between the player and Barcelona was total and that only details were missing to close the issue and make the announcement, this Thursday the situation changed radically.

Lionel Messi's historic departure from Barcelona also had an impact on the world of cryptocurrencies. The Barcelona Fan Token plummeted 4% when the Argentinean's departure became known, although it later reduced the decline. On the other hand, the Paris Saint-Germain Fan Token rose more than 8% due to the possibility of the Argentinean playing for that soccer team.