CHICAGO, Ill. — NWSL players could run out of money after one of the league’s cryptocurrency partners, Voyager Digital, filed for Chapter 11 bankruptcy earlier this month.
The story reported by Eben Novy-Williams and Emily Caron of Sportico, says that in the NWSL’s partnership with Voyager, the company was supposed to pay half the value of the deal to the league in cash and the other half would be available for individual players to invest in cryptocurrencies on the Voyager platform.
In a letter delivered to athletes on Thursday and viewed by Sportico, the NWSL said there was no answer on if or when player accounts would be funded.
“The Player Fund was always intended to be distributed to accounts at Voyager in cryptocurrency, for the purpose of educating gamers regarding investing in the crypto space,” the letter states. “As such, there was always a risk regarding the volatility of the cryptocurrency market.”
NWSL in letter to players regarding Voyager bankruptcy
The NWSL received its first-year cash payout, according to the report, and Voyager’s field signs and website advertising remain active league-wide. The crypto company is also a League 10 partnere anniversary and is still part of this promotion on the NWSL website.
Fox 4 contacted Kansas City Current representatives who declined to comment on the matter.
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