RATE Group | Why a cryptocurrency company’s bid to buy Perth Glory is causing major confusion
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Why a cryptocurrency company’s bid to buy Perth Glory is causing major confusion

16 Feb Why a cryptocurrency company’s bid to buy Perth Glory is causing major confusion

Posted at 14:20h in Cryptocurrency News by

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The bizarre saga surrounding the potential sale of A-League premiers Perth Glory has not slowed, with confusing messages from the club, owner Tony Sage and representatives of prospective owners clouding the situation of just what exactly is happening in the west.                    

Sage, a Western Australian businessman who made his fortune in mining, on Wednesday confirmed he was on his way to Britain to finalise a sale of 80 per cent of the club to London Football Exchange (LFE), while retaining a 20 per cent stake and the chairman’s role.

“We’ve been negotiating,” Sage told 6PR Radio in Perth that day.

“I don’t know how it leaked, but obviously lawyers talk, and I’m in Dubai now on my way to London and hopefully it’s signed in the next few days.”

So, who is LFE?

Launched in 2018, LFE seeks to use cryptocurrency to create a “football stock exchange” in which buyers could acquire shares or purchase merchandise and experiences direct from football…

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