Tokenization in soccer leagues. Is fan engagement for real?
Fan tokens grant sports supporters a set of rights that makes for a closer and more engaging association with their clubs. Our study offers a two-pronged strategy to consolidate our understanding of this new and disruptive asset class in the field of soccer. First, our event study shows that abnorma...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2025 |
| País: | España |
| Institución: | Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya) |
| Repositorio: | Recercat. Dipósit de la Recerca de Catalunya |
| OAI Identifier: | oai:recercat.cat:20.500.12328/5065 |
| Acceso en línea: | http://hdl.handle.net/20.500.12328/5065 https://dx.doi.org/10.1016/j.ribaf.2025.102827 |
| Access Level: | acceso abierto |
| Palabra clave: | Fan tokens Sport finance Cryptocurrency Decentralized finance Soccer Tokens de fan Finances esportives Criptomoneda Finances descentralitzades Futbol 33 |
| Sumario: | Fan tokens grant sports supporters a set of rights that makes for a closer and more engaging association with their clubs. Our study offers a two-pronged strategy to consolidate our understanding of this new and disruptive asset class in the field of soccer. First, our event study shows that abnormal returns are negatively driven by fan sentiment during and around the clubs’ match days, yet the effect becomes positive when considering the national team’s match days. Second, our counterfactual simulations suggest that fan tokens are indeed driven by fan sentiments and not by mere crypto speculation. Our dataset contains data on the fan tokens of four major soccer clubs (Barcelona, Manchester City, Paris Saint-Germain, and Juventus) during 2021–2023, and distinguishes between the teams’ local match days, UEFA Champions match days, and the World Cup’s match days. We believe our intuitions are timely and can be useful both as a guide for portfolio management and for tailoring the soon-to-be legislation of crypto assets in general and fan tokens in particular. |
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