The well-known UK football team Tottenham Hotspur is the most recent to join the fan token trend. On the Chiliz platform, it is going to launch its own special fan token called SPURS. The official press release states that the fan token, which costs $2 each, will be made available for purchase in a fan token sale on October 4.
Tottenham Hotspur’s commercial sales director, Ryan Norys, expressed his happiness at being able to offer club-related prizes and experiences to fans all around the world. Our new Fan Token will expand on the many advantages of our current membership program. Norys also emphasized that the club is constantly thinking of new ways to bring in recurring income that may be used to fund its football-related endeavors.
In addition to having voting rights in on-chain elections, token holders will also have access to a wide range of benefits and opportunities. Tottenham Hotspur joins the league of 80 other sports teams with this innovative project that has already profited from its agreements with the Chiliz platform, which runs on its own Chiliz Chain.
The Chiliz platform has played a significant role in the world of sports, reportedly bringing in over $400 million in revenue for different football clubs and leagues worldwide.