RATE Group | Glory sale to bitcoin company called off
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Glory sale to bitcoin company called off

25 Feb Glory sale to bitcoin company called off

Posted at 03:37h in Bitcoin News by

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Perth Glory owner Tony Sage has decided against selling the A-League club to controversial bitcoin company London Football Exchange.

Sage had planned to sell 80 per cent of the club to LFE but he advised Football Federation Australia on Monday night that the deal would not proceed.

The news will come as a huge relief to Glory fans who had expressed fears about LFE and the group’s business model.

LFE is reportedly being sued in London and New York over various business matters.

The company has big dreams to buy eight or nine soccer clubs all around the world so they can create an “ecosystem” of assets that fans can access with bitcoins.

LFE’s founder Jim Aylward conducted one disastrous interview after another in his attempts to promote the group’s first club acquisition.

On each occasion he refused to detail what means LFE would use to buy the Glory – or any other club for that matter.

But he promised big things, including a deal with an English Premier League club.

Perth released a…

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