The news was announced yesterday that Newcastle United have gained a new commercial partner in eToro and with the deal being paid in bitcoin, the first and largest cryptocurrency. eToro allows customers to invest in cryptoassets alongside more traditional financial instruments and fans can read more on the Newcastle website.
PARTNERS: We’re delighted to welcome @eToro to our family of commercial partners.
— Newcastle United FC (@NUFC) 21 August 2018
The fans have very little faith in Mike Ashley to pump real money back into the club, let alone cryptocurrency and they’ll be hoping that by some miracle the club might actually see some of the benefit of this new commercial partner. That’s very unlikely, though, and the fans will continue in their crusade against Ashley and his cronies as they aim to free the club from his stranglehold.
Most supporters are already frustrated that they don’t receive any money from Sports Direct even though the business’ logo is plastered all over their home at St James Park. The fans will now have to put up with more advertising with this eToro partnership and whilst they’ll definitely be receiving money from the company, they probably won’t be lucky enough to see that reimbursed into the club.
You can read the Magpies’ verdict on their new partnership here:
I await this statement. Rafa can spend every bitcoin generated.
— leigh smith (@geordieleighs) August 21, 2018
Nice way for Ashley to earn untraceable money
— No Name (@__56426__) 21 August 2018
Announce where the money is going. How much are Sports Direct paying for their tacky logo slapped all across our ground? Probably nothing. The club is being robbed of potential commercial revenue.
— Dell (@agbnufc) 21 August 2018
— #ifRafagoeswego (@Just_Ross_) August 21, 2018
How much of this money will the club see? Not a lot is my guess…
— GeordieRadge (@GeordieRadge) August 21, 2018
‘We’re delighted to welcome another £2,000,000 a year to fat mike’s back pocket’
— Callum Reid (@CallumR74756845) August 21, 2018
Fake money. Great pic.twitter.com/BgCZD53NH7
— budinoffski© (@craiggraham76) 21 August 2018
Paid in Bitcoin, not real cash so basically FREE ADVERTISING, now where have we head that one before……………………………
— toonidd (@toonidd) August 21, 2018
The fans would love to see a breakdown of what money their club’s receiving from their different sponsorships and partners but it seems that won’t happen whilst Ashley has control of the club.