Newcastle United have revealed a new commercial partner on Tuesday morning.

The new partner is called eToro, which is a Global investment platform that enables people to invest in cryptoassets, alongside more traditional financial instruments such as stocks and commodities.’

A number of other Premier League club have also been signed up by the company, including Tottenham and Leicester.

Part of the blurb that comes with the press release, states that ‘Blockchain brings transparency, which means it can improve the experience for everyone who loves the ‘beautiful game’.’

An interesting one, as Mike Ashley and transparency haven’t actually made much of a connection when it comes to his running of Newcastle United.

Newcastle United will receive payment in ‘bitcoin’ for the deal.

I wonder if Mike Ashley will be offering HMRC payment in bitcoin when/if any fines come the club’s way from the ongoing investigation?

Newcastle United official statement:

Newcastle United have become one of the first Premier League clubs to launch an innovative commercial partnership with global investment platform, eToro.

The landmark deal will be paid in bitcoin – the first and largest cryptocurrency – and will see eToro become an official club partner.

As part of the new partnership, the company will gain global exposure through an extensive range of marketing opportunities including matchday LED boards, player access, tickets and digital rights.

As well as joining the Magpies’ family of commercial partners, eToro’s branding will also become a familiar sight across the Premier League after simultaneous deals with Tottenham Hotspur, Crystal Palace, Southampton, Brighton & Hove Albion, Cardiff City and Leicester City were announced.

Newcastle United’s head of partnerships, Dale Aitchison, said: “We are delighted to welcome eToro to our family of high-profile commercial partners.

“This is a leading player in an emerging industry and we are looking forward to exploring opportunities in cryptocurrency and technology together.”

About eToro

eToro is a global investment platform that enables people to invest in cryptoassets, alongside more traditional financial instruments such as stocks and commodities and it currently has a community of more than ten million registered users.

The company believes that in the future, all assets will be tokenised – and ‘crypto’ is the first step in this journey.

Iqbal V. Gandham, UK managing director at eToro, said: “As a leading multi-asset company, we are excited to be partnering with so many Premier League clubs and to make history by being the first company ever to pay for a Premier League partnership in bitcoin.”

Cryptocurrencies are underpinned by blockchain, which is a technology that allows transactions to be made without the need for a middle man.

Blockchain to cryptocurrencies is the equivalent of the internet to emails.

Blockchain has the potential to improve the process of making purchases by clubs and supporters.

Iqbal V. Gandham added: “Today’s announcement is very much the first small step on a long road to football fully embracing blockchain technology.

“Education will be key so that industries can understand the potential, however, the openness of these Premier League clubs to taking this first step, is very exciting for everyone.

“Blockchain brings transparency, which means it can improve the experience for everyone who loves the ‘beautiful game’.”

  • East Durham Mag

    If Fatty is backing this it will be as transparent as a block of granite.

  • toonterrier

    More money for fatso. One of his puppets will probably come out and say that if the deal had been done before the window closed then the money would have been spent on players.

  • Monkseaton Magpies

    Interesting you mention the payments to H.M.R.C. I was reading the 2006 Club Accounts yesterday and Newcastle reclaimed V.A.T. on payments to players agents like most clubs did at the time eg standard input tax. H.M.R.C appealed and won so a provision was put in the accounts in intangible assets. A further appeal upheld in Newcastle United and we were allowed to reclaim the money. All the people on here who say we have something fraudulent have not got a clue what they are talking about. It’s all down to legal challenges and often goes to a court of law.

    • SuperDesHamilton

      Monk you’re too much 😂😂 ‘I was reading the 2006 accounts’

      You say it like that’s normal, like you read them on your dinner break or at the bog haha

      • Dont stop bobbi fleckman

        It would help of others read the accounts instead of relying on the financial acumen of Leazes’ and Wezza.

        • SuperDesHamilton

          You mean Monkseaton the liar? And those two gimps? The one thing I’ll say about Leazes he may be a loser but he knows his financial figures.

          • Dont stop bobbi fleckman

            Cough splutter!!! Leazes’ does not know anything. I spent ages with him trying to explain the figures, I came to the conclusion that he plays at being stupid or is stupid.

            I think he may know many of the figures but if he does, he continually lies to mislead on here.

            I still don’t get him, stupid or playing a game?

          • SuperDesHamilton

            All you lot he calls trolls have ruined his mental well being, no he thinks anyone except his shadow is a mythical Lee brother

          • Dont stop bobbi fleckman

            Heh Heh, OK Des Lee!

            I’d actually like to meet him, he’s a strange one. I suspect I’d need three forms of ID.

          • SuperDesHamilton

            He’s blocked everyone but himself on here, I’ve only got one person blocked. A like to see everyone’s opinion a don’t agree with you or Monkseaton at all but I like to see both sides before saying anything.

          • Dont stop bobbi fleckman

            I think his clique are unblocked. the hangers on, Micky/Kenny, Wazza etc.

            I really don’t get the blocking thing, sure, if someone is a pain and has nothing of interest to say (Kenny is bordering on this) block away but not because someone has a different view.

            How does he know that he’s right if he doesn’t see both sides of the argument. It’s a good job he wasn’t in the university debating team, he’d have locked himself in hte cleaners cupboard.

          • SuperDesHamilton

            Only person I’ve got blocked is ghost rider. You can’t get anythin out of him if I said grass was green he’d argue it wasn’t

    • Dont stop bobbi fleckman

      Yep, we had to make provision for it in 2006 and appealed the case. On appeal, we had to pay the VAT on agent fees, this caught a lot of clubs. Mike Ashley had to lend the club the money to pay up.


    To quote one comment on a review website “They are thieves”
    Overall they get a 2 star rating (poor)

    • Peaky

      Is that SD also ???

      • NUFCLX

        No, if you included Fatman and friends you would probably come up with Forty Thieves. We just need are own Geordie Ali Baba, instead of open sesame he could use Get out of our club sesame.

      • Kneebotherm8

        No SD only got a 1 star rating……worse than poor……..absolute💩….

        • Peaky

          Good….I haven’t been wasting my time then 🤣🤣

    • Dave Pattinson

      I’d be happier buying a motor off Arthur Daley!

  • SuperDesHamilton

    This is where the money Benitez was promised must be, floating round the internet

  • Paul Patterson

    Virtual money. A bit like the TV money, virtually impossible to find out where it is.

  • Ron

    Transparency! Smoke and mirrors would be more accurate.

  • relaxed

    Bitcoin!!, what another fatty fiddle
    Again fatso trying to muddy the waters
    How the fukc is he going to buy players with virtual money ? or will they be just virtual players that he will be trying to buy as he usual does
    Get this sorry excuse for a human being out of our club the man is a cancer

    • mentalman

      How is he trying to muddy the waters, we aren’t the only club to have signed up to this deal

      • relaxed

        Bitcoin ? he is having a laugh mate
        Its just a virtual deal,
        As Ron says smoke and mirrors

  • mactoon

    Financial involvement with a company dealing in virtual money and regulated by the Cyprus Securities & Exchange Commission.

    What could possibly go wrong 😂

  • GeordieReeva

    Another fucker-twat added to the ‘list’?

  • Big Hairy Man

    We can sign a virtual striker in January. No need for the helicopter they can just download him and use the online doctor for his medical.

  • Viru leckworth

    Does any normal fan understand precisely what is going on here? To me it seems like the world of commerce is taking over the beautiful game. How long before fans up and down the country become completely by the ridiculous wages and dubious dealings going on? Bit coins for goodness’ sake. I’m out!

  • Wor Lass

    “Blockchain” – bet the first link was Leazes!

  • Tweed Mag

    Transparency and no middle men. That will make a change.

  • musicman2018

    No one will ever know where the money is gone now

  • Spoon_Army

    Bitcoin????…if only we could get Sports Direct to pay something …perhaps bottle tops?

  • Wezza

    Another kick in the teeth by MA out of pure spite.

  • Mr wobert

    Here we go again,BITCOIN ffs.that money can disappear at the click of a button right.Oh wait a moment,fatty is doing that already isn’t he?