The Hull City AFC ‘cryptocurrency’ buyout has quietly fallen through

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The Hull City AFC ‘cryptocurrency’ buyout has quietly fallen through
By Matthew Beedham


Contrary to what reports from last year suggested, English Championship football club Hull City AFC won’t be getting acquired by cryptocurrency crowd funding platform SportyCo. According to sources familiar with the matter, SportyCo’s managing director, Marko Filej, met with the club’s owners and agreed on a price. However, after that price was disclosed to investors supporting SportyCo’s bid, the deal fizzled out to nothing. Sources claim the price was “higher than the real market valuation.” Here’s what happened Last year, reports claimed the Hull City Supporters Trust (HCST) – an organization set up to represent Hull City supporters – and…

This story continues at The Next Web


May 1, 2019 at 08:41PM
via The Next Web http://bit.ly/2J7d6tn

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