RATE Group | Perth Glory sale off after deal with London-based cryptocurrency group LFE falls over
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Perth Glory sale off after deal with London-based cryptocurrency group LFE falls over

25 Feb Perth Glory sale off after deal with London-based cryptocurrency group LFE falls over

Posted at 04:01h in Cryptocurrency News by

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Updated

February 25, 2020 14:22:29

Diego Castor holds the A-League Premiers Plate trophy above his head with his Perth Glory teammates behind him
Photo:
Glory broke a 15-year silverware drought when they won the A-League Premiers Plate last year. (AAP: Tony McDonough)

Related Story:
A-League club Perth Glory set to be sold to London-based cryptocurrency group

An ambitious and controversial plan by a London-based cryptocurrency group to buy A-League club Perth Glory has fallen through, with Football Federation Australia (FFA) confirming the deal is off.

Key points:

  • Owner Tony Sage was negotiating with the London Football Exchange
  • The group offered virtual currency for supporters to buy a stake in the club
  • But rumours soon surfaced the deal was not as close as was claimed

The FFA said Glory owner Tony Sage had pulled out of the deal, after travelling to London to go through a due diligence process with his lawyers…

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