Perth Glory Football Club which is an Australian professional soccer club based in Perth, Western Australia have proposed a deal to the cryptocurrency group london football exchange.
Tony Sage’s proposed sale of Perth Glory to the London-based cryptocurrency company he is chairman of won’t go through without gaining the approval of Football Federation Australia.
Sage has brokered a deal with the London Football Exchange (LFE) to sell them a majority share in the A-League premiers, pursuant to final approval from the game’s governing body in Australia.
The transaction is believed to be the first of its kind in world football, with LFE aiming to replicate the City Football Group by taking over clubs in England, Italy, Spain, France and other countries in South America and Asia.
The key difference is that instead of being owned by a single person or entity, LFE will be owned by fans, who can buy cryptocurrency “tokens” that will give them a share in the project.
isn’t that Interesting?