Sportsbet.io has revealed the arrival of its Crypto Fan Fund, a first-of-its-kind initiative that will be realized with the help of Southampton FC, a long-standing soccer partner to the crypto operator.
Sportsbet.io is donating two Bitcoin (BTC) to the club which will be used to deliver on a series of fan-led initiatives during the 2021-22 season and beyond. The pair renewed their partnership back in April.
The calls on how to spend the money will be undertaken by Saints Voice which is a supporter panel to the soccer club.
Sportsbet.io will be looped in on the decision-making process, and together they will try to pick the initiative that would translate into the biggest impact for the club and its fandom.
Southampton player Matt Le Tissier welcomed the initiative and said that the Saints Voice will do all it can to spend the funds meaningfully.
“So the donation, the people that will be deciding where this money goes will be the Saints voice, which is the fans group that was set up to build a link between them and the club, which is incredibly important, I think, for football clubs to engage with their fans”, he said.
The fund will be underwritten by Sportsbet.io, meaning that the value of the donation will remain intact. The club and the fund will benefit from any profits accrued from inflation as well.
There is no rush to spend the funds, though, and the Saints Voice is also allowed to choose and hodl the cryptocurrency, expecting its value to go up.