$type=grid$count=5$m=0$sn=0$rm=0$show=home

Report: Blockchain Sports Platform Will Not Buy English Football Club With Crypto

Decentralized sports investment and funding firm SportyCo will reportedly not purchase English Championship football club Hull City AFC.

Decentralized sports investment and funding firm SportyCo will reportedly not purchase English Championship football club Hull City AFC, the Next Web reported on May 1.

Sources familiar with the matter reportedly told the Next Web that the deal price appeared to be too high when disclosed to investors supporting SportyCo’s bid. Sources reportedly said that the price was “higher than the real market valuation.”

Last October, sports-focused media outlet SportsPro reported that SportyCo partnered with the Hull City Supporters Trust (HCST), an organization founded to represent fans and strengthen the link between the club and the local community it serves, to launch a £45 million ($58.8 million) bid to buy the club.

However, Geoff Bielby, chairman of HCST, reportedly told the Next Web that the organization’s involvement in the bid was misunderstood by some journalists. “We are not leading the bid, [we’re] simply a partner representing supporters,” he said. Bielby also revealed that HCST’s intention to buy the club with cryptocurrency is not true.

As recently reported, London-based West Ham United — a soccer team that plays in the English Premier League — partnered with blockchain platform Socios.com to launch a fan token ecosystem. The token will be a digital asset that gives voting rights to West Ham United fans, who can then participate in tokenized polls on the Socios mobile app.

Also in April, Tron CEO Justin Sun said in a tweet that the Tron Foundation, the firm behind the 11th biggest cryptocurrency tron (TRON), will reportedly partner with another British professional football club, Liverpool.

Original Article

COMMENTS

By Readers$type=blogging$cate=2$count=6

Name

Analysis,498,News,2987,Press Releases,338,Sponsored,137,
ltr
item
CryptoNomus: Report: Blockchain Sports Platform Will Not Buy English Football Club With Crypto
Report: Blockchain Sports Platform Will Not Buy English Football Club With Crypto
https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9kZWJhNjU3MGNmYTUwZGQwOGUwNDljMzI3OGZiZTNmYy5qcGc=.jpg
CryptoNomus
https://www.cryptonom.us/2019/05/report-blockchain-sports-platform-will.html
https://www.cryptonom.us/
https://www.cryptonom.us/
https://www.cryptonom.us/2019/05/report-blockchain-sports-platform-will.html
true
4884201149675661183
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share. STEP 2: Click the link you shared to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy