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    <p>English Premier League football club Tottenham Hotspur is catching heat from fans after it announced a major new partnership deal with controversial fan token creator Socios, reports The Times.</p> 
    <p>According to the club, the team-up will “provide fans worldwide with access to a unique range of club-related activities, rewards and experiences.” Tokens will reportedly be handed out for free to season ticket holders and club members, while non-members will have to pay $2 per coin.</p> 
    <p>However, the Tottenham Hotspur Supporters’ Trust has voiced concerns that the project will not only be charging fans to engage with their club but will “encourage fans to enter a cryptocurrency ecosystem of which many will have little knowledge.”</p> 
    <p>“It is important there should be no financial or technological barriers to fan engagement,” the trust says, “<strong>yet this relationship potentially creates both</strong>.”</p> 
    <p>While potentially very lucrative, fan tokens, which give supporters the power to vote in club polls and enter competitions, are a controversial topic.</p> 
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      <blockquote class="wp-embedded-content" data-secret="wLhCwcdo8q">
        European football clubs made $200M selling crypto tokens to fans 
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“European football clubs made $200M selling crypto tokens to fans” — Protos" src="https://protos.com/fan-tokens-socios-european-football-clubs-200m-selling-crypto/embed/#?secret=dszm9fn8LE#?secret=wLhCwcdo8q" data-secret="wLhCwcdo8q" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe> 
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    <p><em>Read more: Messi accepts crypto in Paris Saint-Germain deal worth over $40M per year</em></p> 
    <p>As reported <strong>back in 2021, clubs including Manchester City, Barcelona, Juventus, Arsenal, Leeds United, and Paris Saint-Germain (PSG)</strong> had all leveraged crypto’s burgeoning popularity to push revenue.</p> 
    <p>However, fan groups claimed at the time that the tokens exploit fans without providing the necessary support to help newcomers grasp the fickleness and volatility of crypto markets.</p> 
    <p>Indeed, the wording of this week’s statement from the Tottenham Supporters’ Trust is almost identical to the one put out by the Leeds United Supporters Trust two years ago, which read, “Fans will also be obliged to enter into a cryptocurrency ecosystem; something which many may have very little knowledge of.”</p> 
    <p>To date, <a rel="noopener noreferrer nofollow" title="Socios" href="https://thebittimes.com/tag/socios.html">Socios</a> has created <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>s for more than 50 clubs around the world, including Manchester City, FC Barcelona, AC Milan, Inter Milan, and Tottenham’s London <a rel="noopener noreferrer nofollow" title="rivals" href="https://thebittimes.com/tag/rivals.html">rivals</a> Arsenal.</p> 
    <p>Back in 2019, the company also produced a fan token for Premier League side West Ham United, however, <strong>the club pulled the plug on the partnership after little more than a year</strong> when its fans launched a campaign against it.</p> 
    <h2 class="wp-block-heading" id="h-spurs-owner-sold-bahamas-property-to-sbf">Spurs owner sold Bahamas property to SBF</h2> 
    <p>The Socios partnership, though raising a few eyebrows, isn’t the most controversial bit of crypto-related news affecting Tottenham Hotspur over the past few weeks.</p> 
    <p>In August, Protos reported how billionaire Spurs owner Joe Lewis had sold disgraced FTX founder Sam Bankman-Fried a number of properties in the Bahamas worth upwards of $76 million.</p> 
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        Scoop: Indicted billionaire Joe Lewis sold property to Sam Bankman-Fried 
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Scoop: Indicted billionaire Joe Lewis sold property to Sam Bankman-Fried” — Protos" src="https://protos.com/scoop-indicted-billionaire-joe-lewis-sold-property-to-sam-bankman-fried/embed/#?secret=7qAVCeFb4p#?secret=Plh88aFuCb" data-secret="Plh88aFuCb" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe> 
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    <p><em>Read more: <a rel="noopener noreferrer nofollow" title="UK" href="https://thebittimes.com/tag/uk.html">UK</a> watchdog fouls Arsenal FC for promoting <a rel="noopener noreferrer nofollow" title="Crypto" href="https://thebittimes.com/tag/crypto.html">Crypto</a> <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a></em></p> 
    <p>Lewis was also forced to secure possibly the largest bail bond in history while facing insider trading charges, worth $300 million — about $50 million more than Bankman-Fried.</p> 
    <p>Lewis is accused of helping his ex-girlfriend — then 23 year-old Carolyn Carter — and his personal pilots invest in numerous biotech companies before positive news was announced publicly. <strong>The three individuals cumulatively profited over half a million dollars</strong>.</p> 
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/tottenham-hotspur-to-launch-socios-fan-token-two-years-after-rivals-tbt64514.html">https://thebittimes.com/tottenham-hotspur-to-launch-socios-fan-token-two-years-after-rivals-tbt64514.html</a></p>

Tottenham Hotspur to launch Socios fan token two years after rivals

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