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Australian Soccer Club Walked Away From Buyout Negotiations With Controversial Cryptocurrency Company

Ramsey Baker

Summary: Tony Sage, owner of the top-tier Australian football (soccer) club Perth Glory FC, has walked away from buyout negotiations with a controversial cryptocurrency company. According to a report from Australian news source The New Daily, Sage confirmed on Monday that a deal to sell an 80% stake in the team to the London Football Exchange ...

Tony Sage, owner of the top-tier Australian football (soccer) club Perth Glory FC, has walked away from buyout negotiations with a controversial cryptocurrency company.

According to a report from Australian news source The New Daily, Sage confirmed on Monday that a deal to sell an 80% stake in the team to the London Football Exchange (LFE) had fallen through.

LFE is a blockchain-based exchange that allows supporters to trade equity in their favorite clubs. Perth Glory FC would have been the company’s first-ever acquisition.

By Ramsey Baker

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Link: Australian Soccer Club Walked Away From Buyout Negotiations With Controversial Cryptocurrency Company   [Copy]
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