Voyager bankruptcy jeopardizes payouts of US professional women’s soccer players: report

US National Women’s Soccer League (NWSL) players will reportedly miss promised payouts from a deal with crypto broker Voyager after the firm went bankrupt.

The league has told players they could miss out on monies promised to them as part of the sponsorship deal. Sportico reported on Monday.

The partnership, announced last December, was one of the largest in NWSL history and was intended to be a multi-year agreement.

As part of the merger, the league would receive half of the payment in cash, while players would receive the other half in crypto. Every athlete should get a Voyager account to receive the deposits and build their own crypto portfolios.

But the accounts were never funded Sportico reported, citing multiple sources close to the situation.

Now with Voyager has filed for bankruptcy In early July, the future of these player payouts looks uncertain.

In a press statement, the NSWL said: “The player fund should always be distributed in cryptocurrency to accounts with Voyager with the aim of educating players about investing in the crypto space. As such, there has always been a risk in terms of cryptocurrency market volatility.”

Voyager’s bankruptcy is understood to have no impact on players’ base salaries, with the impact limited to the promised benefits of the sponsorship deal.

decrypt has reached out to the NWSL and Voyager for comment.

Voyager and NWSL deal was a ‘bad deal’

Former professional footballer Haley Carter responded to the news by calling the deal a “bad deal.”

“NWSL players being made vulnerable by the NWSL to a losing system that literally anyone who has followed the markets and investing platforms realizes is a losing system is very popular with the NWSL,” she said wrote on twitter. “We all knew this was coming and it’s still an incredible disappointment.”

She added that while there hasn’t been an impact on player salaries, “partnering with Voyager and offering it like it’s a good deal is still a bad deal.”

The news is likely to raise new concerns about the many sports sponsorship deals signed by cryptocurrency firms in recent years.

crypto company together spent $130 million solely on last season’s NBA sponsorship deals, while this year’s Super Bowl a Record number of crypto commercials.

Soccer was also a key target area for platforms looking to get sports fans to become customers. Most recently the football club FC Barcelona announced a multi-million dollar partnership with blockchain-based sports fan app Socios.com.

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