Arsenal’s failure with Socios will act as a wake-up call to other clubs.
The Gunners partnered up with the cryptocurrency firm to get more revenue and get fans more involved in running the club.
But the crypto market crashed in the past few months and Arsenal received heavy backlash from their fans.
The club didn’t do their due diligence about studying the crypto market as the investment was too risky.
Financial expert Kieran Maguire claims other clubs will learn from Arsenal’s failure before diving into crypto investments.
He tells Football Insider: “I said this before. A lot of them were chasing the money more than anything. That was front and centre.
“It was less about the risks associated. Everyone wanted to be on that train, especially if that train means greater revenue. I think clubs have been short-sighted with it.
“This kind of backlash that we have seen might make more clubs think twice about it. They might think, ‘Is this really worth it? Should we look elsewhere in the short to medium term.’”
See More: Top 5 Players Arsenal Should Sign This Summer 2022
