The Nationwide Ladies’s Soccer League’s gamers might lose out on some cash they’d been anticipating. That’s because of a league associate and cryptocurrency platform submitting for chapter.
On Monday, Eben Novy-Williams and Emily Caron of Sportico reported that league sponsor Voyager Digital has gone bankrupt. Which will result in gamers not getting what they have been promised out of that deal.
EXCLUSIVE: The @NWSL has instructed its gamers that they might be out cash after cryptocurrency platform Voyager Digital, one of many league’s largest companions, filed for chapter earlier this month.https://t.co/nUi0QJW4YA
— Sportico (@Sportico) August 1, 2022
Voyager, who signed on with the NWSL again in December of final 12 months, was set to pay the league in money. However the different half of their deal was going to be given to gamers by way of cryptocurrency. That’s now in query following the widespread crypto crash and Voyager’s personal chapter submitting. However, as Meg Linehan of The Athletic famous, this information isn’t about potential league doom, however slightly a attainable shortfall for gamers:
yeah, simply to be clear this sentence is perhaps complicated — the gamers’ funds are doubtlessly not being paid out, the NWSL is just not out of cash as a leaguehttps://t.co/h5vFwgr1QT
— Meg Linehan (@itsmeglinehan) August 1, 2022
However that is nonetheless doubtlessly a blow for the league’s gamers. As per Sportico’s report, these gamers have been anticipated to take a position by way of cryptocurrency, however the accounts have been by no means funded based on a number of sources conversant in the scenario. The NWSL put out the next assertion:
“The Participant Fund was all the time supposed to be distributed into accounts at Voyager in cryptocurrency, with the aim of training gamers concerning funding within the crypto house,” the assertion stated. “As such, there was all the time danger concerning the volatility of the cryptocurrency market.”
As of Monday afternoon, Voyager was nonetheless featured on the league’s web site. However they’re hoping that Voyager will clarify to the league what occurred and what’s the subsequent step on this scenario.
The excellent news is that the league continues to be rising and receiving different sponsors like CarMax, which can provide $5,000 every to gamers on the workforce with one of the best file. But it surely’s nonetheless unlucky for the NWSL gamers to seek out out that they could not get cash that they had been anticipating.